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FUTURE Act marks big win for carbon capture

Article by Brad Crabtree from Prairie Business Magazine

Something extraordinary happened in Washington in February. Republicans and Democrats — from the most conservative to most liberal members of Congress from across the country — came together to support landmark energy and environmental legislation. Something extraordinary happened in Washington in February. Republicans and Democrats — from the most conservative to most liberal members of Congress from across the country — came together to support landmark energy and environmental legislation.

The budget bill passed by Congress includes the FUTURE Act to extend and reform the federal Section 45Q tax credit for capturing and storing carbon dioxide from power plants and industrial facilities. The act is of vital importance to the future of the Northern Plains’ energy economy and the industries, companies, workers and communities that depend on it.

The FUTURE Act represents one of the most significant energy and environmental accomplishments by Congress in recent memory. Its passage highlights the potential for carbon capture to marshal support across the political spectrum for a policy that supports American energy production, reduces carbon emissions and protects and creates high-paying jobs.

The bill’s key sponsors are to be commended for their bipartisan leadership. Sen. Heidi Heitkamp, D-N.D., was joined by fellow Sens. Shelley Moore Capito, R-W.Va., Sheldon Whitehouse, D-R.I., and John Barrasso, R-Wyo., as well as by Rep. Mike Conaway, R-Texas, who led the effort in the House.

Read the entire article on Prairie Business Magazine