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PastGenDepartment of Energy backs away from funding FutureGen projectPosted at 5:04 PM on 29 Jan 2008Well let us just pick our grinning jaws up off the floor: The U.S. Department of Energy has told lawmakers that it plans to pull funding for FutureGen, its ambitious and crazily expensive "clean coal" demonstration plant. The feds had planned to cover some three-quarters of the $1.8 billion price tag, and cited ballooning costs as its reason for backing out. The announcement pissed off lawmakers from Illinois, where the plant would have been sited and was expected to create 3,000 construction jobs. Sen. Dick Durbin (D) pledged that the state delegation "is going to make the case for FutureGen directly to the president," while Gov. Rod Blagojevich issued a statement saying the DOE had "deceived the people of East Central Illinois who spent time and resources competing for the project."sources: Associated Press, Reuters, Chicago Tribune |
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