Proper implementation of the 45Q tax credit is crucial to realizing the significant carbon emission reduction, energy and industrial production, and job creation benefits that will come from economy-wide deployment of carbon capture technology. Congress enacted the reformed and strengthened 45Q tax credit—which is for the geologic storage and beneficial use of carbon captured from industrial facilities and power plants—more than a year ago as part of the Bipartisan Budget Act of 2018.
Continue reading »
A recently formed governors’ group aimed at advancing the development and deployment of carbon capture projects and CO2 pipeline infrastructure across the United States sent a letter to Congressional leaders today urging passage this year of the bipartisan Utilizing Significant Emissions with Innovative Technologies (USE IT) Act, S. 2602. Continue reading »
A handful of North Dakota state legislators recently put forth a proposal to tap into the principal of the state’s constitutionally-established Legacy Fund to establish a loan program for infrastructure projects. The plan is expected to come before the 2019 State Legislature and will likely be one of many ideas and proposals that surface in the coming months which aim to utilize either the earnings or a portion of the principal of the Fund. Continue reading »
WASHINGTON, DC – A multi-state group co-convened by Wyoming Governor Matt Mead and Montana Governor Steve Bullock released a new report today outlining the opportunities and challenges for integrating power plants with carbon capture into the nation’s wholesale electricity markets. The State CO2-EOR Deployment Work Group works to expand carbon capture from power plants and industrial facilities for use in enhanced oil recovery with geologic storage (CO2-EOR). Continue reading »
The 2017 North Dakota legislature faces a tough predicament as they work to finalize budgets and funding levels for the 2017-2019 biennium. March 2017 projections developed by the State Office of Management and Budget show projected general fund revenue shortfalls of more than $100 million. Continue reading »
WASHINGTON, DC – A multi-state group co-convened by Wyoming Governor Matt Mead and Montana Governor Steve Bullock released a new white paper today calling on President Trump and Congress to make CO2 pipelines a priority component of a broader national infrastructure agenda and recommending that the federal government support the development of CO2 pipeline networks that will securely transport large volumes of carbon dioxide to American oil fields for use in enhanced oil recovery (CO2-EOR). Continue reading »
This report offers readers both an in-depth look at carbon dioxide enhanced oil recovery, while explaining the current policy landscape and recommendations for future action. Continue reading »