The response to climate change will be the free market's greatest triumph (first in a series)

American Electric Power, a major electric utility, is planning the largest demonstration yet of capturing carbon dioxide from a coal-fired power plant and pumping it deep underground.

Various experts consider that approach, known as sequestration, essential to reining in climate change by preventing the gas from being added to the atmospheric blanket that promotes global warming.

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Michael G. Morris, the president, chairman and chief executive of the utility, said in a telephone interview that sequestration would be necessary for society but was also enlightened self-interest on the part of his company.

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“You, me and everyone else needs to understand that the government talks big and moves slow,” Mr. Morris said.

Emphasis mine. Read the whole thing here.