- Rep. John Hoeven (R-N.D.)
S. 407 and H.R. 1796 would modify the 48A tax credit to encourage more carbon capture at existing coal facilities.
The bills act as a companion to other financing efforts to dramatically spur more deployment of carbon capture, utilization and storage technologies at coal and natural gas generation and other industrial facilities. These technologies could capture and use the carbon emitted from facilities powered by both coal and natural gas. Other efforts have included a successful extension and fix last Congress to the 45Q incentive and efforts this Congress on the USE IT Act, which aims to boost CO2 pipelines and other carbon capture infrastructure that could send the captured carbon to oil fields and for other purposes.