![]() The new law boosts tax credits for projects that capture carbon emissions and store them by any of three means: ![]() But ultimately the NRDC backed away from the bill, with staffers David Doniger and Danielle Droitsch saying in a blog post, “We don’t support subsidies for fossil fuel production, including subsidies for enhanced oil recovery” when the urgent need is “to reduce our dependence on those fuels.” “In terms of reducing emissions, it’s probably the most consequential energy and climate legislation in a generation,” said Brad Crabtree of the Great Plains Institute, a nonprofit focused on decarbonizing the power industry.īut other environmentalists argued that one provision of the new law - promoting use of captured carbon dioxide for “enhanced oil recovery” - would serve, as Greenpeace put it, “to promote oil supply and keep us hooked on fossil fuels.” The Natural Resources Defense Council (NRDC), which actively supported the legislation up to the final buzzer, acknowledged that projects encouraged by the new incentives will cut carbon pollution and create jobs. Sheldon Whitehouse, a Democrat from Rhode Island, with a 100 percent rating.Įnvironmental groups backing the initiative, which substantially increases tax credits for projects that capture carbon emissions, included the Clean Air Task Force and the Center for Climate and Energy Solutions, among others. Shelley Moore Capito of West Virginia, rated 0 percent in 2017 by the League of Conservation Voters. Among the leading sponsors was Republican Sen. In fact, though, the proposal became law in February, as a little-noticed - but remarkably bipartisan - piece of the deal to pass a budget and reopen the United States government. Calling it “counterintuitive” might sound like an understatement. At first glance, it sounds like something cooked up after too many martinis by a K Street lobbyist for the fossil fuel industry: Take legislation making it more profitable for oil companies to pump oil, and easier for coal-fired power plants to continue to operate - and then sell it as a climate change remedy.
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