Americas > US lawmaker deal to boost carbon capture and storage tax credit to $85/tonne -reports

US lawmaker deal to boost carbon capture and storage tax credit to $85/tonne -reports

Published 00:50 on October 2, 2021  /  Last updated at 00:51 on October 2, 2021  / Katherine Monahan /  Americas, US

The White House and Democratic lawmakers have reached agreement to boost the US tax credit for carbon capture and storage (CCS) to $85/tonne, according to media reports, a level that could see more industrial emitters adopting the technology while also providing a boost to the country’s oil and gas sector.
The White House and Democratic lawmakers have reached agreement to boost the US tax credit for carbon capture and storage (CCS) to $85/tonne, according to media reports, a level that could see more industrial emitters adopting the technology while also providing a boost to the country’s oil and gas sector.


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