CATF Statement on Passage of 45Q Legislation

The Clean Air Task Force welcomes the passage of the FUTURE Act and the companion Carbon Capture Act, which increase 45Q tax credits to $35/ton for enhanced oil recovery and $50/ton for other geologic storage. The legislation provides a seven-year window for construction eligibility to stimulate CCUS project development.

• The FUTURE Act increases 45Q tax credits for carbon capture, utilization and storage (CCUS), setting the value at $35/ton for storage in enhanced oil recovery projects and $50/ton for other forms of geologic storage.
• The legislation offers financial certainty by guaranteeing that projects are eligible for credits if construction begins within seven years of the act's enactment, with claims made after carbon dioxide is captured and stored.

APA

andi_5ive (2018). CATF Statement on Passage of 45Q Legislation. Clean Air Task Force. https://www.catf.us/2018/02/passage-45q-legislation/

Chicago

andi_5ive. CATF Statement on Passage of 45Q Legislation. Clean Air Task Force, 2018. https://www.catf.us/2018/02/passage-45q-legislation/.

Wikipedia

{{cite press release |last1=andi_5ive |title=CATF Statement on Passage of 45Q Legislation |publisher=Clean Air Task Force |date=9 February 2018 |url=https://www.catf.us/2018/02/passage-45q-legislation/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{andi5ive2018catf, author = {andi\_5ive}, title = {{CATF Statement on Passage of 45Q Legislation}}, publisher = {Clean Air Task Force}, year = {2018}, month = feb, url = {https://www.catf.us/2018/02/passage-45q-legislation/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }