Cap and Trade’s First South Dakota Victim?

The Argus Leader is reporting that Basin Electric has put its plans to build a coal-fired power plant near Selby on hold.  Basin cites economic uncertainty and regulatory issues as its reasons to delay the project.

I would not be surprised to hear similar stories regarding Big Stone II and the Hyperion refinery in the near future.  With Obama’s EPA, and the pending passage of Cap and Trade it’s going to become either too expensive, or outright illegal to be in the CO2-producing business.

Each of these projects provide an opportunity for economic development here in “Rural America.”  Unfortunately, our government would rather put up hurdles to development rather than remove them.

4 thoughts on “Cap and Trade’s First South Dakota Victim?

  1. I can’t think of a more risky investment right now than to built a gigantic oil refinery that pumps out 3x the amount of CO2. The technology to capture it is just not reliable and the price tag is not economical. Couple that with the fact that there is no infrastructure here and environmental lawsuits up the wazoo are sure to be coming.

  2. Realist, given the current political environment I am sure there is a great amount of risk in building a refinery. But, what do I know? I don’t know the first thing about building one. Maybe the folks behind Hyperion know something I don’t know.

    Either way, it is, primarily, their risk to take. I hope they go for it. If they succeed the rewards are theirs. If they fail they suffer the consequences.

    OxfordT, junk science, indeed! It’s being trotted out in every debate these days, from global warming to Keynesian economics. Opposing the conventional wisdom is to oppose (GOD)SCIENCE (Him)itself. I guess that makes us heretics.

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