GAO Urges DOE To Reduce Cost Risks From Carbon Management Projects

The Government Accountability Office (GAO) is pressing the Department of Energy (DOE) to reduce the risk that federal funds are squandered on failed carbon management projects, finding that officials and developers have not sufficiently reviewed remedies for such risks and that DOE in at least one case awarded funds to a project that might not be “technically acceptable.” The concerns surface in a May 16 report issued pursuant to a requirement in the 2020 USE IT Act for GAO to...