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Support for Carbon Capture and Storage Technologies

This act aims to expand financial support for projects related to carbon capture, utilization, and storage. This means companies developing CO2 reduction technologies can more easily obtain loan guarantees, potentially leading to cleaner air and new jobs in the green technology sector.
Key points
Expanded access to loan guarantees for carbon dioxide reduction projects.
Support for technologies like direct air capture, converting CO2 into useful products, and geological storage.
Encouraging infrastructure development, including pipelines, for carbon transport.
Requires reporting on progress and barriers in these technologies, potentially leading to further improvements.
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Expired
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Additional Information
Print number: 117_HR_1761
Sponsor: Rep. McKinley, David B. [R-WV-1]
Process start date: 2021-03-10