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S.3179 - Carbon Capture Utilization and Storage Act

August 4, 2016

U.S. Senators Heidi Heitkamp (D-ND) and Sheldon Whitehouse (D-RI) recently introduced a bill to incentivize the development and use of carbon capture, utilization and storage technologies and processes.

The proposed bill would promote carbon capture technologies by extending the 45Q tax credit, which encourages investment in carbon capture, utilization, and sequestration. The credits also encourage the use of CO₂ in enhanced oil recovery. The bill was referred to the Committee on Finance for review.

A link to the bill can be found here.
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