45q-extension-letter-to-house-ways-and-means_2-3-2016-d68bd8fdcafd2fa1.pdf

The document is a formal request to the U.S. House Committee on Ways and Means to permanently extend and increase the value of the Section 45Q Tax Credit for Carbon Dioxide Sequestration. The authors argue that the credit is essential for incentivizing carbon capture utilization and storage (CCUS) at industrial facilities and power plants, and that current uncertainty regarding its expiration deters private investment. They highlight that CCUS is critical for meeting global mid-century greenhouse gas emission goals and for expanding domestic oil production through enhanced oil recovery (EOR).

• The Section 45Q Tax Credit is described as the most significant tax incentive for carbon capture utilization and storage (CCUS) at industrial facilities and power plants, providing a per-ton credit for CO2 storage via enhanced oil recovery (EOR).
• The authors argue that Section 45Q has effectively already expired because the lack of financial certainty regarding its future availability prevents private investment in new commercial CO2 capture projects, especially given the long lead times required for construction.
• The document asserts that the widespread deployment of carbon capture technologies is necessary to achieve global mid-century goals for mitigating carbon emissions from industrial activities and electric power generation.
• The coalition supports forthcoming legislation from Congressman Mike Conaway that would make the Section 45Q tax credit permanent and increase its per-ton value.

APA

Clean Air Task Force (2016). 45q-extension-letter-to-house-ways-and-means_2-3-2016-d68bd8fdcafd2fa1.pdf. https://cdn.catf.us/wp-content/uploads/2019/11/21093140/45Q-extension-letter-to-House-Ways-and-Means_2-3-2016.pdf

Chicago

Clean Air Task Force. 45q-extension-letter-to-house-ways-and-means_2-3-2016-d68bd8fdcafd2fa1.pdf. 2016. https://cdn.catf.us/wp-content/uploads/2019/11/21093140/45Q-extension-letter-to-House-Ways-and-Means_2-3-2016.pdf.

Wikipedia

{{cite press release |author=Clean Air Task Force |title=45q-extension-letter-to-house-ways-and-means_2-3-2016-d68bd8fdcafd2fa1.pdf |date=3 February 2016 |url=https://cdn.catf.us/wp-content/uploads/2019/11/21093140/45Q-extension-letter-to-House-Ways-and-Means_2-3-2016.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{cleanairtaskforce201645qextensionlettertohousewaysandmeans232016d68bd8fdcafd2fa1pdf, author = {{Clean Air Task Force}}, title = {{45q-extension-letter-to-house-ways-and-means\_2-3-2016-d68bd8fdcafd2fa1.pdf}}, publisher = {Clean Air Task Force}, year = {2016}, month = feb, url = {https://cdn.catf.us/wp-content/uploads/2019/11/21093140/45Q-extension-letter-to-House-Ways-and-Means_2-3-2016.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }