For Immediate Release
Office of the Press Secretary
February 27, 2003
Statement by the President
Today I am pleased to announce that the United States will sponsor
a $1 billion, 10-year demonstration project to create the world's first
coal-based, zero-emissions electricity and hydrogen power plant. This
project will be undertaken with international partners and power and
advanced technology providers to dramatically reduce air pollution and
capture and store emissions of greenhouse gases. We will work together
on this important effort to meet the world's growing energy needs,
while protecting the health of our people and our environment.
Secretaries Powell and Abraham will also initiate an international
Carbon Sequestration Leadership Forum, to collaborate with
international partners on advancing the research, development, and
commercial deployment of carbon capture and storage technologies in the
next decade.
Recently, my Administration has proposed initiatives to accelerate
research and development of hydrogen fuel cell vehicles to allow for
commercialization by 2020, and fusion energy by the middle of this
century. This demonstration project and the Carbon Sequestration
Leadership Forum will build on these initiatives to provide the
American people and the world with advanced technologies to meet the
world's energy needs, while improving our global environment for future
generations.
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