08 Dec BPC Action Applauds Bipartisan Legislation Critical to Carbon Capture Deployment in Energy and Environment
BPC Action applauds Sens. Capito (R-WV) and Whitehouse (D-RI) for introducing the 45Q Carbon Capture, Utilization, and Storage Tax Credit Amendments Act. These tax provisions will be crucial to deploying carbon capture effectively.
Carbon capture is a vital clean energy technology for ensuring the U.S. can meet our future energy challenges. The bill’s five-year extension would provide greater financial certainty to project developers and investors as they plan important projects. Further, the direct pay provision is an important detail for companies during these difficult economic times and would help further spur innovation and deployment.
BPC Action looks forward to working with Congress to advance this legislation.