U.S. efforts to put carbon dioxide from power plants and industrial facilities underground where they won't contribute to global warming could see less federal support under President Donald Trump although demand for the technology remains high. While vowing to “drill, baby, drill” for fossil fuels, Trump has ordered the U.S.
Trump is trying to halt the EV charger buildout.
Carbon capture got a $12 billion boost under Joe Biden through increased tax incentives and funding through the Inflation Reduction Act and Bipartisan Infrastructure Law. With projects scattered nationwide, including dozens in Republican states, there may be less appetite to include them in budget cuts, said analyst Rohan Dighe with the energy and resources research firm Wood Mackenzie.
Carbon capture has deep support in Republican Wyoming, home to projects including an ExxonMobil plant that separates CO2 from sour gas wells for use in aging oilfields and anotherIn 2021, GOP Gov. Mark Gordon pledged to make the sparsely populated state — which exports 12 times more energy than it consumes —facility at an operating power plant, became one of the first states to regulate underground carbon dioxide injection itself rather than through the EPA.
The future of the “45Q” tax credit for carbon capture projects especially worries the Carbon Capture Coalition, a group of more than 100 environmental groups, unions and companies. It recently urged Congress to uphold the credit, which was included in the Inflation Reduction Act. Republicans have voted dozens of times, unsuccessfully, to repeal portions of the Inflation Reduction Act when they held a minority in the Senate,That would have support from the conservative Heritage Foundation, a longstanding opponent of carbon capture.
Chris Wright Mark Gordon Joe Biden Green Practices Wyoming U.S. Republican Party Climate Change General News Domestic News WY State Wire Politics Climate And Environment Exxon Mobil Corp. United States Government Madelyn Morrison Associated Press U.S. News Michael Pearlman Health Paris Rohan Dighe Business Climate U.S. News
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