Posts in CCS
- 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.
- 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.
Expanding Subsidies for CO2-Enhanced Oil Recovery: A Net Loss for Communities, Taxpayers, and the ClimateThis 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 ClimateCommunities 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.
- 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.
- Yesterday, Sens. Whitehouse (D-RI), Heinrich (D-ND), Capito (R-WV) and Barrasso (R-WY) introduced the Carbon Capture Utilization and Storage Act, legislation to extend and more than double tax credits to fossil fuel companies for using climate pollution to extract more oil.
- On Monday, we welcomed the first step by the International Energy Agency towards describing how energy would look for the world to meet one of the Paris Agreement goals, to keep warming well below 2°C. Specifically, it looked at emissions being limited enough to give a 2-in-3 chance of staying below 2°C. The report was co-published...
Continue reading 'Why the International Energy Agency Still Gets It Wrong on Fossil Fuels'.
- From the Wyoming coal mines, to the gasification plant in Penwell, to the oilfields of the Permian Basin -- this subsidy spotlight explores the human impact of government subsidies gone haywire.
- All the news reports this morning are that a deal at Copenhagen is dead. Barack Obama has said that we had run out of time to secure a deal in December. This will please the corporate lobbyists no end. The longer they can delay action on climate the better. But now Copenhagen’s iconic mermaid is...
Continue reading 'The Angry Mermaid Strikes Back'.
- At the end of the day energy comes down to economics. Drilling oil out of the deserts of the Middle East is inherently more profitable than boiling them out of Canadian boreal forest. Any deal at Copenhagen will hinge on how much the rich are prepared to pay the poor. There will be no clean...
Continue reading 'The “Corporate Killer” that is Nuclear Power'.
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