OR Environmental Leaders to Wyden: End Carbon Capture Tax Giveaway to Oil Companies

OR Environmental Leaders to Wyden: End Carbon Capture Tax Giveaway to Oil Companies

PORTLAND—Today, more than two dozen leading Oregon environmental groups sent a letter to Senator Ron Wyden, ranking member on the Senate Finance Committee, urging him to push for an end to the 45Q tax credit. The 45Q tax credit, used for carbon capture and storage (CCS), is almost exclusively claimed by fossil fuel companies that use the captured carbon primarily to produce more oil and gas. The letter, led by Food and Water Watch, lays out the …