Social Links Search
Tools
Close

  

Close

ILLINOIS WEATHER

Call to Revise Carbon Capture Incentives

Call to Revise Carbon Capture Incentives


A contingent of carbon capture and storage proponents is urging Congress to tweak a tax credit essential to greater project deployment.

In a letter Monday, more than 50 unions, conservation groups and energy companies called on congressional leadership to include a “targeted suite of small-scale adjustments” to the federal 45Q tax credit in any forthcoming legislative package.

Failing to address “remaining small-scale gaps in federal policy” could hinder deployment of carbon capture and removal technologies, “imperiling” jobs, economic development, energy security and “the prospect of urgently needed — and achievable — greenhouse gas emissions reductions,” the letter said.

Signatories include agribusiness company Archer-Daniels-Midland; a subsidiary of oil and gas company Occidental Petroleum; the National Wildlife Federation; CO2 pipeline developer Summit Carbon Solutions; and the Carbon Capture Coalition, a pro-CCS group with more than 100 members.

 

Source: governorsbiofuelscoalition.org

Photo Credit: summit-carbon-solutions

Farm to Food Bank - Cutting Waste, Nourishing Communities Farm to Food Bank - Cutting Waste, Nourishing Communities
Brazil Cuts Its Soybean and Corn Production Projections for 2024 Brazil Cuts Its Soybean and Corn Production Projections for 2024

Categories: Illinois, Sustainable Agriculture, Indiana, Sustainable Agriculture, Iowa, Crops, Kansas, Sustainable Agriculture, Kentucky, Crops, Michigan, Crops, Minnesota, Crops, Energy, Missouri, Crops, Energy, Nebraska, Crops, New York, Crops, North Dakota, Crops, Ohio, Crops, Pennsylvania, Crops, South Dakota, Crops, Wisconsin, Crops

Subscribe to Farms.com newsletters

Crop News

Rural Lifestyle News

Livestock News

General News

Government & Policy News

National News

Back To Top