Congresswoman Liz Cheney co-sponsored the Carbon Capture, Utilization, and Storage Innovation Act that will help develop carbon capture projects by making them eligible for loan guarantees from the Department of Energy
The legislation will help develop carbon capture projects by making them eligible for loan guarantees form the Department of Energy. DOE’s Loan Guarantee Program funds energy infrastructure projects in the United States. Specifically, the bill clarifies the scope of CCUS projects eligible for loans and expands eligibility to include CCUS infrastructure and pipelines.
"This legislation will allow carbon capture projects to take advantage of the Department of Energy's loan guarantee program, which will help expand this critical innovation. Carbon capture technology is essential to allowing energy producers in Wyoming and across the country to continue to take advantage of coal as an affordable and reliable power source for families. Anything we can do to advance carbon capture technology will ultimately allow for more coal use in a responsible way, which is why this legislation is so important to our state," said Cheney.
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