Carbon Capture Coalition Hails Bipartisan Introduction of the USE IT Act in the U.S. House of Representatives Today

The Carbon Capture Coalition commends the introduction in the U.S. House of Representatives today of the Utilizing Significant Emissions with Innovative Technologies (USE IT) Act (H.R. 1166). The legislation, companion to the Senate version of the USE IT Act (S. 383) that was introduced by Senators Barrasso, Whitehouse and seven other Senators last week, was introduced by U.S. Representatives Scott Peters (D-CA), David McKinley (R-WV), Marc Veasey (D-TX), David Schweikert (R-AZ) and Cheri Bustos (D-IL). Coalition co-directors Jeff Bobeck and Brad Crabtree issued the following statement:

 “Today’s introduction of the USE IT Act in the U.S. House is the latest indication of the growing bipartisan and bicameral support for boosting carbon capture technology development and deployment. We thank Congressmen Peters and McKinley and all of the cosponsors for their leadership in advancing this vital, common-sense legislation.  

“The USE IT Act contains several key provisions that build on congressional reform earlier this year of the 45Q tax credit, including: establishing a $25 million prize program for early stage direct air capture research and demonstration; providing $50 million in federal funding for research and development of new uses of captured carbon; and facilitating planning, siting and permitting of infrastructure to transport CO2 from industrial facilities and power plants to locations where it can be utilized and geologically stored.

 “Provisions in this bill to increase federal and state support for a range of carbon capture technologies will accelerate deployment across a variety of applications and industries. As we know from numerous recent national and international studies, economywide adoption of carbon capture technologies will be critical to meeting mid-century emissions reductions goals. And building out America’s carbon capture infrastructure will boost economic development, domestic energy production and high-wage jobs. Enactment of the USE IT Act is important as a prelude to expected comprehensive national infrastructure legislation in this Congress.

 “Action on bipartisan carbon capture legislation represents one of the best ways for Congress and the Administration to advance American leadership in technology development and deployment.”

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