US Senators Michael Benner and Rob Portman have reintroduced a bill making it easier for power plants and industrial facilities to finance the purchase and installation of carbon capture, utilisation and storage (CCUS) equipment.
“Reducing carbon pollution while creating good paying jobs is something that Democrats, Republicans, labour unions, industry and environmentalist can all get behind,” said Bennet.
“Our legislation would help reduce carbon pollution by making it more cost effective for power plants and industrial facilities to invest in carbon capture equipment.”
“This is a significant step to ensure we are boosting Colorado’s clean energy economy and keeping our air clean as the threat of climate change continues to grow.”
The Carbon Capture Improvement Act would allow businesses to use private activity bonds issued by local or state governments to finance a carbon capture project.
“This bill is a win-win for jobs and the environment, and I’m proud to continue my work on this issue with Senator Bennet,” said Portman.
“Carbon capture is a common-sense solution that will allow states like Ohio to continue to utilise our natural resources while protecting our environment at the same time.”
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