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But talk of mega-deals is reviving, with the sector sitting on unused funds worth more than $1 trillion£600bnbn).
Several green pressure groups, and even some energy and power company bosses, think that the whole idea is unworkable.With the private sector sitting on its hands, Western governments are lavishing subsidies on CCS.
But in the midst of a stagnant economy, with the private sector sitting on record amounts of unspent capital and failing to create jobs, government is the spender of last resort -- the only way to jump-start the economic engine of our future.
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We want private sector investment but this isn't happening right now; the private sector is sitting on $2 trillion in cash reserves.
"Public budgets are usually 15-20% of GDP, so 80% of the economy [the private sector] sitting back is a death knell".
At a time when the entire corporate sector is sitting on an uninvested cash mountain and productivity is actually falling as a result, the lack of a publicly owned economic motor to drive recovery is dire.
Meanwhile, Luis de Guindos, the economy minister, predicted last Friday that no more than €15 billion of public funds would be required to clean up Bankia and other troubled cajas, a figure that was immediately questioned by some analysts given that the banking sector is sitting on €180 billion of troubled property assets.
It's time for the private sector to stop sitting on the piles of cash we hear about and use it to create new demand, to create growth.
John Browett said public sector workers were sitting on their hands as they waited to learn if they would keep their job.
Under an arrangement worked out with the White House, he will now continue to make money in the private sector, practicing law, sitting on corporate boards and lobbying in Washington (though no longer for Enron, he said today, given the many questions swirling around the company's collapse).
"Our biggest budgets all come from the private sector," says Phil Butler, sitting beneath framed letters of thanks from every President since Nixon.
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CEO of Professional Science Editing for Scientists @ prosciediting.com