The Carbon Capture Coalition has today sent a letter of request to Congressional leaders and committees of jurisdiction for measures to provide immediate support for carbon capture projects at risk of delay or cancellation due to the coronavirus crisis.
Recommendations within the letter were drawn from a broader federal policy blueprint agreed by all Coalition participants last year. Participants prioritised the coronavirus in the letter to spur economic activity and protect and create high-wage jobs.
The recommendations seek to provide financial certainty to investors, leverage private capital, and ensure access to existing incentives, and they are guided by three criteria aimed at ensuring a timely and effective federal response to economic needs.
Launched in 2011 with an aim to support the deployment and adoption of carbon capture technology, the Carbon Capture Coalition is formed of some of the industry’s largest companies such as Carbon Engineering, Shell, Svante and Air Products.
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