One promising solution to climate change is Carbon Capture, Utilization and Storage (“CCUS”). CCUS involves capturing carbon oxides, primarily ...

Summit Carbon Solutions' massive carbon dioxide pipeline proposal would need to be reassessed if the United States repeals tax credits for carbon capture and storage, a company attorney said on ...

The US Treasury department announced the final rules for the section 45V Clean Hydrogen Production Tax Credit.

Also, projects already in line to receive the 45Q tax credit would not be eligible for the expanded credit “to avoid double dipping,” the lawmakers said. “Alaska possesses unique ...

The original 45Q tax deduction for EOR was $10 per metric ton, but was raised on a trend that would reach $35 per ton by 2026. By 2022 The IRA bill raised the tax credit to $60 per metric ton.

But the proposal relies on the 45Q tax credit program, which was expanded by the 2022 Inflation Reduction Act, offering $85 per metric ton of sequestered carbon. President-elect Donald Trump has ...