Olivia Rosane is a staff writer for Common Dreams.
As the U.S. moves to invest in climate solutions, is the money going toward projects that will meaningfully reduce emissions and transition the nation's energy system away from fossil fuels? A report released Wednesday by worker-owned corporate accountability and environmental justice research organization Empower found that just 34 carbon capture and storage projects in Texas could receive between $3.2 billion and $33 billion in annual tax subsides.
Autumn Hanna, the vice president of Taxpayers for Common Sense, noted that there was a history of fraud in past allocation of CCS subsidies. 'A Treasury investigation found that from 2010 to 2019, 90% of tax credit claimants failed to comply with IRS and EPA requirements,' Hanna said in a statement. 'Instead of throwing good money after bad, we should focus our limited resources on climate solutions we know are safe and effective.
Big Oil Climate Emergency Inflation Reduction Act Infrastructure Investment And Jobs Act Renewable Energy Texas Carbon Capture And Storage
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