And, on Thursday, new
factory activity data is expected to show that the manufacturing
sector grew at a slow pace in September,
while U.S. automakers are expected to report a 12 % increase in monthly sales year - over-year.
«We capture impurities»
While Huaneng is leading the way in capturing carbon for coal - fired power plants, an industry that is traditionally tied with CCUS, the Chinese coal giant Shenhua is trying to adopt CCUS technology in a new
sector:
factories that produce chemicals out of coal.
This is usually how it goes: politician wannabe gets campaign contributions from private
sector guy, gets into office, legislates in favor of private
sector guy, private
sector guy contributes more, politician guy takes vacation in Italy (or goes for a hike on the Appalachian trail)... gets re-elected, the word gets out that he «plays,» more private
sector guys contribute to his campaign, voters are pleased to see the name of their representative in print, like the new wardrobe, the new hairstyle, believe all change is good and re-elect the politician again... politician feels the power, creates agency to watch over private
sector guy, agency takes fact - finding trip to France... raises taxes on private
sector guy, writes legislation that taxes private
sector guy if his plant emits CO2
while producing widgets... voters are in awe and re-elect the politician... private
sector guy whines, politician makes him ambassador to Taiwan, limits how much the new private guy taking his place can earn, and taxes all widgets so new private guy will make more environmentally friendly ones... voters swoon, pay more for widgets, lose job in widget
factory, hate private guy, re-elect their pol... politician buries $ 5 billion aid to Taiwan in next appropriation bill...... kind of makes a case for term limits, doesn't it.