The lead developer of a $2 billion carbon capture project at a North Dakota coal plant said there won’t be a final decision this year on whether to move ahead, marking a new delay for a project that also lost a key sponsor.
Developers of Project Tundra were seeking to reach a final investment decision by the end of 2024, but that target has been postponed, according to Ben Fladhammer, a spokesperson for Minnkota Power Cooperative.
Minnkota has opposed EPA’s new power plant rule that would require existing coal plants and future natural gas plants to tackle their carbon dioxide emissions. The electricity provider argues that the rule, which was released earlier this year, threatens reliability and affordability. But the incoming Trump administration has criticized numerous federal energy regulations — and President-elect Donald Trump has pledged to undo EPA’s new rule.
“We continue to assess and navigate federal funding opportunities, potential EPA compliance obligations and ongoing supply chain and inflationary pressures,” Fladhammer said in a statement. “As we proceed with work in each of these areas, we recognize that external factors will dictate decision-making timelines.”
