Bipartisan Bill Seeks Further Tax Incentives for Carbon Capture and Utilization Projects

By Tom Donaho on March 9, 2023 Posted in Alert

On Feb. 28, the Captured Carbon Utilization Parity Act (CCU Parity Act) was introduced by Sen. Sheldon Whitehouse, D-R.I., and Sen. Bill Cassidy, R-La. The CCU Parity Act would increase the tax credit available for carbon capture and utilization to match the tax credit available for carbon capture and sequestration for both the direct air … Continue Reading

Litigation over Injection Wells Threatens to Stall Carbon Sequestration Project in Louisiana

By Tom Donaho on October 25, 2022 Posted in Alert

As carbon capture and sequestration (CCS) projects proliferate across America, hints of conflict around the relatively new and large-scale business endeavors are beginning to appear. On Tuesday, Oct. 18, international chemical company Air Products filed a lawsuit against Livingston Parish in Louisiana, asking that a recently passed moratorium on the drilling of injection wells be deemed … Continue Reading

Inflation Reduction Act Provides Boost and Benefits to Carbon Capture Utilization and Storage Industry

By Poe Leggette, Tom Donaho and John R. Lehrer II on August 25, 2022 Posted in CCUS

The newly passed Inflation Reduction Act of 2022 (IRA) is poised to transform the carbon capture utilization and storage (CCUS) industry through significant tax credits and benefits, including through enhancements to Section 45Q of the Internal Revenue Code. The IRA encourages additional capital investment in CCUS projects by developers and sponsors through at least the following: … Continue Reading