“45Q Is the Key to a Long Future for U.S. Oil and Gas”

“45Q Is the Key to a Long Future for U.S. Oil and Gas“

ConservAmerica’s latest blog highlights why the 45Q tax credit is key to scaling carbon capture projects and keeping American energy competitive. With global demand growing and energy security top of mind, 45Q gives American producers the tools to lead in emissions reductions without leaving jobs or investment behind.

Read more below on how 45Q is helping power low carbon solutions ↓

“As Congress works through a budget resolution, lawmakers face key decisions about how to secure America’s energy future and help enact the president’s goal of unleashing American energy dominance. Energy tax credits continue to be front and center, standing out as strong tools to strengthen domestic production, support innovation, and keep America competitive on the global stage. One important provision is the 45Q tax credit for carbon sequestration, but it could be in the hot seat.

Carbon capture is a critical tool for making the United States’ energy system more reliable, affordable, and clean. The 45Q credit encourages the private sector to invest in these technologies, helping producers do more with the resources we already have. First established in 2008, 45Q tax credit has helped make carbon capture economically viable, giving American oil and gas a way to thrive in a lower-carbon economy.”