Rockefeller, Voinovich Bill Would Provide $2 Billion a Year for Carbon Sequestration

摘要

Legislation announced July 14 by Sens. Jay Rockefeller (D-W.Va.) and George Voinovich (R-Ohio) would provide $20 billion to fund demonstration of carbon capture and storage at large power plants.rnFunding for the legislation (S. 3590, S. 3591) would be provided through a charge on fossil-fuel-fired electric utilities totaling $2 billion a year over 10 years.rnFollowing the expiration of this program, the legislation would provide tax credits based on the amount of carbon dioxide captured and stored, providing price stability for investors in power plants.