CCS Bills In the Senate
Sen. Heidi Heitkamp (D-ND) is trying to gain support from her colleagues for S. 2152, legislation that would increase the commercial availability of carbon capture and sequestration (CCS) technology. The “Advanced Clean Coal Technology Investment in our Nation Act of 2014” (AACTION Act) would expand the Department of Energy’s (DOEs) research and loan guarantee programs for CCS. Heitkamp believes the future of coal relies heavily on CCS technology. She doesn’t see her bill moving in this Congress, but is hopeful that her efforts to gain support from her colleagues that she will be able to push it forward next Congress.
Sen. Jay Rockefeller (D- WV) introduced two bills this month; S. 2288 would increase research funding and provide greater tax incentives for CCS technology. The bill would authorize $1 billion over the next 15 years for public-private research and development. The tax credit program would be reformed in an effort to encourage CCS by creating a new investment tax credit and authorizing $20 billion on loan guarantees for CCS plants. His second bill, S. 2287, would provide tax credits for carbon capture efforts used for enhanced oil recovery.