Resource Type
Fact Sheet
Viewing page 9 of 14
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The Need for an Adequate Commence Construction Window for 45Q Federal Tax Credits for CCUS
Developing a carbon capture utilization and storage (CCUS) project can take as long as five years and require investments of close to $50 million before construction can begin. To take advantage of the current 45Q tax credit, construction on a CCUS project must commence before January 1, 2024. Despite the…
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Leveraging Enhanced Oil Recovery for Large-Scale Saline Storage of CO₂
Leveraging the demand for CO₂ from the Enhanced Oil Recovery (EOR) industry is a critical step to building out a robust ecosystem for large-scale CO₂ storage in saline sites. Frequently asked questions in this fact sheet provide perspective on the role that EOR plays in enabling carbon capture & storage…
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CO₂ EOR Yields a 37% Reduction in CO₂ Emitted Per Barrel of Oil Produced
Utilization of anthropogenic CO2 in Enhanced Oil Recovery (EOR) is a well-understood and verifiable process that can deliver CO2 emission reductions. According to life cycle analysis done by the International Energy Agency (IEA), which includes impacts from potential increase in oil consumption, each metric ton of CO2 utilized in EOR nets a 0.63…
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Health Risks in Pennsylvania from Oil and Gas Air Pollution – UPDATE
With 17% of the nation’s natural gas production and more than 8% of the nation’s oil and gas wells, compressors and processing plants located in the state, Pennsylvanians bear much of the health risks caused by oil and natural gas industry air pollution. And now, based on data from the…
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Incentives for CO2 Avoided: Comparison of Renewables Production Tax Credit and Proposed 45Q Legislation
The proposed extension and expansion of Section 45Q tax credits in the 115h Congress is comparable to the dollar per tonne value of avoided carbon from the Section 45 production tax credits (PTC).
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The Role of 45Q Carbon Capture Incentives in Reducing Carbon Dioxide Emissions
The 115th Congress is considering tax incentives that would reduce CO2 emissions by tens of millions of tonnes annually, in the form of the FUTURE Act (S 1353) and the Carbon Capture Act (HR 3761). The language in these bills would extend and expand Section 45Q of the U.S. tax…
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A Decade of Futility: The Renewable Fuel Standard, 2007-2017
Ten years ago, on December 19, 2007, President George W. Bush signed the Energy Independence and Security Act (EISA) into law and thus expanding the Renewable Fuel Standard (RFS). The RFS was not only sold as a policy to reduce greenhouse gas (GHG) emissions and increase energy security, but also…
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Health Risks in Texas from Oil and Gas Air Pollution
Air pollution from the oil and gas industry harms the health of people throughout Texas, increasing the cancer risk for millions of people and forming ozone smog that causes asthma attacks and other health problems across the state.