14 December 2005, Financial Times

Sustainable power gains in promise

Jennifer Hall Thornton, Manager, Advisory, Climate Change Capital is quoted in a Mike Scott article that examines the options that are available for ad alternatives to hydrocarbon fossil fuels.

"While most electricity production still relies on climate change-causing fossil fuels, there is growing pressure, from regulators and the public, for more sustainable forms of electricity. In addition, oil and gas prices hit new highs this year, prompted by security fears in the Middle East and by growing demand from countries such as China and India."

"One viable alternative to nuclear power, says Jennifer Hall-Thornton of merchant bank Climate Change Capital, would be clean coal, whereby coal is turned into gas, the carbon dioxide is taken out and pumped into oil wells to enhance recovery of oil, then sequestered. "It's a proven technology and unlike nuclear (power), a clean coal power station could be up and running in five years or less," she says. Companies such as Progressive Energy, working to build clean coal power stations in the UK, would receive a big boost from any decision by the energy review to develop clean coal."

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