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Interviewer: You talked about how you were, if I have the term
correct, "cautiously optimistic." and I think that your
statement was partially in regard to the technology.
What have you seen from the results of pilot projects or other
things that make you "cautiously optimistic" about CCS?
Bailey: Well, part of it is the experience industry has had
with technologies in the past. Technologies have turned out to
be less complicated and less expensive than we thought they
were going to be. That's why I'm cautiously optimisitic that
carbon capture and storage is going to be deployed on a wide
scale some day. But it is going to take a lot of effort.
I think that is what you were hearing from all the panelists in
there. It's going to take a lot of effort, we have a lot of
good incentives in these bills so far.
I think there's somewhere between 150 and 200 billion dollars
for carbon capture and storage in both the House and the Senate bills.
There are other incentives in there also, and that's what it's
going to take to get the technology deployed.