Bloomberg Law
Dec. 21, 2020, 8:55 PMUpdated: Dec. 21, 2020, 9:26 PM

Carbon Capture Deal Seen as Promising Sign of Climate Action (1)

Dean Scott
Dean Scott

Backers of projects to capture and store carbon dioxide won big victories in the massive year-end spending package, in what they say is a harbinger of increased congressional support for low-carbon technologies in the next Congress.

The bipartisan deal between House and Senate negotiators includes a two-year extension of the current tax credit, known as 45Q, for carbon capture and storage projects. That gives projects through 2025 to break ground and remain eligible for the incentive, according to bill text released Monday.

The House and Senate are expected to approve the massive year-end bill, which includes other energy legislation, an ...

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