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CURC Applauds Congressional Letter in Support of Energy Innovation Measures

May 4, 2020

CURC applauds Congressmen David McKinley (R-WV) and Marc Veasey (D-TX) for the leadership in writing a letter to Congressional leadership urging support for energy innovation measures in potential stimulus legislation.  The letter advocates for measures that would support carbon capture, utilization, and storage (CCUS) as a means of stimulating the U.S. economy as it recovers from the COVID-19 pandemic, including the following:

  1. Extend the "Commence Construction" Date for the Section 45Q Tax Credit by Ten Years
  2. Enact the "Carbon Capture Modernization Act"
  3. Implement Direct Pay or an Offset from the BEAT for the 45Q and 48A Tax Credits
  4. Funding for Commercial Demonstration Grants
  5. Increased Funding for CarbonSAFE Projects

The letter was also signed by Representatives Cheri Bustos (D-IL), Kelly Armstrong (R-ND), Henry Cuellar (D-TX), Christopher Smith (R-NJ), Scott Tipton (R-CO), Alex Mooney (R-WV), Greg Gianforte (R-MT), Jim Costa (D-CA), Lizzie Fletcher (D-TX).

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