CHEYENNE, Wyo. (AP) — A fund backed by a British billionaire investor who’s a major contributor to environmental causes is backing carbon-capture research in Wyoming, the top U.S. coal-mining state.
Wyoming’s Republican governor, Mark Gordon, and a carbon-capture technology nonprofit announced Thursday they’re providing $1.25 million to help researchers find ways to turn greenhouse-gas emissions into valuable products.
The state is contributing $250,000 and $1 million will come from Carbontech Labs, a research accelerator created by Oakland, California-based Carbon180.
Carbon180 got the money from a trust started by investor Jeremy Grantham, co-founder of the Boston-based firm Grantham Mayo Van Otterloo. The Jeremy and Hannelore Grantham Environmental Trust reported almost $200 million in assets to the IRS in 2016.
The Wyoming program will test carbon-capture proposals at a coal-fired power plant.
