US lawmaker introduces bill to eliminate carbon credits for oil recovery – Mining Weekly

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The tax credit, known as 45Q, allows companies to earn money for every ton of carbon that they capture off a polluting facility and store underground.

The bill, titled the End Polluter Welfare for Enhanced Oil Recovery Act, is co-sponsored by Raul Grijalva of Arizona, chair of the House Natural Resources Committee, and Mike Quigley of Illinois, both Democrats like Khanna.

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