Five decades on from the first CCS project, the technology remains riddled with problems, unproven at scale, and not fit for purpose. It is beyond time to focus on the real solutions to the climate crisis and injustice that the fossil fuel industry has wrought. Neither CO2-rich gas or LNG qualify.
45q
RELEASE: Groups Push Back on Billion-Dollar Giveaways to Dirty Energy in GOP Tax Bill
A coalition of environmental and climate justice, Indigenous rights, public health, consumer, and environmental groups delivered two letters urging lawmakers to oppose including the giveaway of billions of taxpayer dollars to the fossil fuel industry in any tax bill.
Sign-on Letter: Oppose Expanding the 45Q Tax Credit for Oil, Gas and Coal Companies
Organizations from frontline communities – where Americans that are most impacted by climate change and the fossil fuel industry live – and organizations working in solidarity with them, are urging lawmakers to reject the FUTURE Act (S.1535) and the Carbon Capture Act (H.R.1379) – and to oppose its inclusion in a tax policy package.
Sign-on Letter: No Subsidies for Enhanced Oil Production
More than 30 environmental, public health, consumer, and climate groups delivered a letter to members of Congress in opposition to the FUTURE Act (S.1535) and Carbon Capture Act (H.R.3761) – and any attempts in a tax policy package to extend or expand subsidies for enhanced oil production.
GOP Tax Bill: Payday for Fossil Fuels, Devastating for American Families
Republicans want to open up sacred land in the Arctic Refuge for oil drilling allegedly to raise money to cover their cuts, but they leave in place tens of billions in tax giveaways to oil, gas, and coal companies.
Expanding Subsidies for CO2-Enhanced Oil Recovery: A Net Loss for Communities, Taxpayers, and the Climate
This analysis explores the oil production, carbon emissions, and taxpayer cost implications of the proposed changes to Section 45Q in the U.S. tax code in S.1535 and H.R.3761.
Expanding Subsidies for CO2-Enhanced Oil Recovery: A Net Loss for Communities, Taxpayers, and the Climate
Communities in Houston, Florida, Louisiana, Puerto Rico, and California are just beginning the long road to recovery from disasters made worse by climate change. It would seem downright irresponsible to increase taxpayer handouts to spur fossil fuel production at a time like this. But that’s exactly what’s being proposed in Washington.
Statement On Congressional Efforts to Extend 45Q
f passed, Oil Change International’s forthcoming analysis reveals that this legislation would be worth up to $4.5 billion each year to the oil industry, making it the largest single federal handout to the fossil fuel industry.