Carbon Capture Coalition Joins National, Bipartisan Call to Congress to Scale Carbon Management Priorities

Letter Includes More than 165 Signatories Representing Companies, Unions and Conservation and Environmental Groups from Across the Nation

(Washington, DC) – The Carbon Capture Coalition has joined more than 165 companies, unions, conservation and environmental groups, and other organizations from around the country calling on Congress to prioritize a targeted suite of bipartisan carbon management policies as part of any forthcoming legislative package. The call was made in an open letter to congressional leadership signed by a broad group of companies and organizations representing major sectors of the economy and society at the national, state and local level.

The complementary policy priorities cited in the letter include:

• providing a direct pay option for the federal Section 45Q tax credit;
• extending the commence construction window for the 45Q credit;
• enhancing 45Q credit values for industrial and power plant carbon capture and direct air capture;
• eliminating annual carbon capture thresholds that deter innovation;
• financing the buildout of regional CO2 transport and storage networks; and,
• ensuring robust funding for commercial-scale demonstrations of carbon capture, direct air capture and carbon utilization technologies.

“The Carbon Capture Coalition is proud to join this impressive list of carbon management supporters from industry, labor and environmental organizations nationwide. The portfolio of bipartisan carbon management policies included in the letter directly aligns with the Coalition’s consensus federal policy blueprint issued earlier this year,” said Coalition Director Brad Crabtree, noting that these policies are “essential to placing America’s energy, industrial and manufacturing sectors on track to reach net-zero emissions by 2050.”

“Enacting this targeted suite of policies could deliver a 13-fold scale-up of carbon management capacity by 2035 toward economywide commercialization of carbon capture, removal and utilization technologies and the development and buildout of associated CO2 transport and storage infrastructure,” Crabtree added.

Recent analyses by the Rhodium Group also shows the potential to create tens of thousands and hundreds of thousands of high-wage jobs and generate hundreds of billions in investment from carbon capture and direct air capture deployment, respectively, if these technologies are deployed at levels needed to meet net-zero targets.

“This suite of carbon management policies will spur continued innovation, increased scale, and improved performance, while driving down costs, attracting additional investment and preserving and creating high-wage jobs across the country,” Crabtree said.  “If carbon management is to fulfill its necessary role in achieving net-zero emissions by midcentury, we must scale federal investments and policy ambition accordingly. We will continue to work with Congress, the other signatories and the more than 80 members of the Carbon Capture Coalition to advocate for these and other bipartisan policies to scale up carbon management programs nationwide.”

The letter can be viewed online at the following website: https://www.scalingcarbonmanagement.com/.

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The Carbon Capture Coalition is a nonpartisan collaboration of more than 80 businesses and organizations building federal policy support for economywide deployment of carbon capture, removal, transport, use, and storage. Our mission is to reduce carbon emissions to meet midcentury climate goals, foster domestic energy and industrial production, and support a high-wage jobs base through the adoption of carbon capture technologies. Convened by the Great Plains Institute, Coalition membership includes industry, energy, and technology companies; energy and industrial labor unions; and conservation, environmental, and energy policy organizations.