Carbon Capture Coalition Statement on Senate Passage of the Inflation Reduction Act of 2022
August 7, 2022 | Legislation
The following statement can be attributed to Madelyn Morrison, External Affairs Manager for the Carbon Capture Coalition:
“The Senate took an extraordinary step forward this afternoon with the chamber’s passage of the Inflation Reduction Act of 2022. The package, which contains transformative enhancements to the foundational federal Section 45Q tax credit, makes a substantial down payment on scaling deployment to meet mid-century climate obligations, while retaining and creating family-sustaining jobs and safeguarding America’s domestic energy production. We are encouraged by this tremendous progress and urge the House of Representatives to seize this opportunity to solidify passage of the most significant investment in climate and energy policy in our nation’s history.”
Convened by the Great Plains Institute, the Carbon Capture Coalition is a nonpartisan collaboration of more than 100 companies, unions, conservation and environmental policy organizations, building federal policy support to enable economywide, commercial scale deployment of carbon management technologies. This includes carbon capture, removal, transport, utilization, and storage from industrial facilities, power plants, and ambient air.