Carbon Capture Coalition Endorses Financing Our Energy Future Act
June 13, 2019 | Legislation
The Carbon Capture Coalition endorses the Financing Our Energy Future Act, which was introduced today by Senators Chris Coons (D-DE) and Jerry Moran (R-KS) and Representatives Mike Thompson (D-CA) and Ron Estes (R-KS) .
Coalition co-director Brad Crabtree issued the following statement:
“The Carbon Capture Coalition is pleased to support the bipartisan Financing Our Energy Future Act. We applaud the sponsors Senators Chris Coons (D-DE) and Jerry Moran (R-KS) and Representatives Mike Thompson (D-CA) and Ron Estes (R-KS) for recognizing the importance of carbon capture as a key element of our nation’s broader portfolio of energy technologies. This legislation will ensure the availability of tax-advantaged master limited partnerships (MLPs) as a tool for financing carbon capture and utilization projects, thereby reducing the cost of equity and providing project developers with access to capital on more favorable terms. Making carbon capture and utilization projects eligible for the MLP structure is recommended in the Coalition’s recently-released consensus federal policy blueprint as part of a suite of policies needed to build on the 45Q tax credit to foster economywide deployment of carbon capture, which will support American energy production and create highly-skilled, good-paying jobs, all while reducing carbon emissions.”