House lawmakers raise pressure for CCS tax incentive

摘要

A bipartisan group of House lawmakers are pressing for a key carbon capture and sequestration (CCS) tax credit to be included in a tax extenders package that may move in the coming weeks. Led by House Agriculture Chairman Mike Conaway (R-Texas), 43 members today urged House leaders to ensure the CCS bill (H.R. 3761) is included in an extenders bill. The bill, sponsored by Conaway, revises the existing Section 45Q CCS tax break in a manner that "allows for greater financial certainty for carbon capture projects, boosts domestic energy production, reduces carbon emissions, and provides relief for our beleaguered coal and power industries."