Fri, 13 Mar 2009
Overestimating the overspend
For the day thats in it (a salute to all triskaidekaphobians out there ...)
It appears that the FutureGen Carbon Capture project under Bush was shut down due to an accounting error. According to Physics World:
A $500m accounting error led to the Bush administration scrapping a carbon–capture and storage demonstration plant last year according to a report by the US House of Representatives committee of science and technology. The project was scrapped because costs appeared to have ballooned from $1bn to $1.8bn when in fact it had only risen to $1.3bn.
Oops.