US EditionCarbon capture industry tweaks message for the Trump era
- During CERA Week, backers of carbon capture and storage , a climate mitigation strategy favored by oil companies, emphasized the industry's compatibility with President Trump's energy development goals.
- This emphasis aims to shield US CCS policies, including the 45Q US tax credit updated in the Inflation Reduction Act of 2022, from potential dismantling by the Trump administration, which frequently mocks the IRA.
- CCS separates carbon dioxide during industrial processes and stores it deep underground, involving heavy capital investment and community outreach, with over 275 projects announced in the US.
- Jessie Stolark, executive director of the Carbon Capture Coalition, framed CCS as "an economic competitiveness and American leadership issue," while Vicki Hollub, CEO of Occidental Petroleum, described carbon dioxide gas as vital for boosting oil output, noting its superior oil extraction capabilities compared to water, and urged policymakers to maintain the 45Q tax credit.
- The future growth of CCS, which has been discussed for over two decades with slow progress, hinges on the survival of the 45Q US tax credit, deemed essential by supporters, although environmental groups express concerns about potential leaks and sometimes fight projects, even as national environmental groups accept CCS as an aspect of climate mitigation.
57 Articles
57 Articles
Carbon capture industry tweaks message for Trump era
Backers of carbon capture and storage are emphasizing compatibility with President Trump's energy development goals as they seek to protect hard-won U.S. policies from the administration's climate chopping block. At the CERA Week energy conference this month, supporters of CCS, a climate mitigation strategy long favored by oil companies, described…
Malay Mail
AlKhaleej TodayCarbon capture industry adapts message to align with Trump’s climate stance
HOUSTON, March 16 — Backers of carbon capture and storage are emphasising compatibility with President Trump’s energy development goals as they seek to protect hard-won US policies from the administration’s climate chopping block. At the CERA Week energy conference this week, supporters of CCS, a climate mitigation strategy long favoured by oil companies, described the industry as poised for potentially significant growth. But that outcome rests…
Carbon Capture Industry Tweaks Message For The Trump Era
Backers of carbon capture and storage are emphasizing compatibility with President Trump's energy development goals as they seek to protect hard-won US policies from the administration's climate chopping block.
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