Great Plains Institute Vice President and Director of the Carbon Capture Coalition Brad Crabtree issued a statement responding to the release of a letter from the Internal Revenue Service Inspector General regarding tax credit claims under the old 45Q tax credit program. The statement was originally posted on the Carbon Capture Coalition website:
Energy, environmental, labor, and policy leaders recently hosted the Minnesota Carbon Capture Forum to inform and educate a diverse audience about the economic and environmental opportunities for the technology in the state. Below you will find audio of the event as well as other resources on how Minnesota and other US states can capitalize on this decades-tested technology. Continue reading »
The newly launched Carbon Capture Ready website (CarbonCaptureReady.org) serves as a resource for a growing network of state leaders, industries, labor, and NGOs to realize the potential for carbon capture to transform economies and ensure a sustainable environment for future generations. Continue reading »
The Internal Revenue Service (IRS) recently released two pieces of guidance relating to the implementation of the reformed 45Q tax credit, relating to requirements defining beginning and continuous construction requirements for projects and a revenue procedure that establishes rules for business partnerships claiming the tax credit. Clarity and financial certainty on 45Q tax credit implementation is vital for carbon capture projects which have a narrow window of time to begin before the credit’s January 1, 2024 deadline for beginning of construction. Continue reading »
Brad Crabtree, Great Plains Institute’s (GPI’s) vice president of carbon management, was asked to testify before the US House Select Committee on the Climate Crisis in his role as director of the multi-sector Carbon Capture Coalition, which is convened by GPI. He spoke at the hearing, “Solving the Climate Crisis: Reducing Industrial Emissions Through US Innovation,” last fall about the critical need for economywide deployment of carbon capture to reduce industrial carbon emissions at scale. Following the hearing, the committee had a number of follow up questions, which Brad answered and submitted for the record. Those written responses can be downloaded or read below. Continue reading »
The calendar has turned to 2020 and the carbon capture industry is still waiting on the US Department of the Treasury to release additional guidance on the implementation of the reformed and expanded 45Q credit. Continue reading »
Carbon capture is an essential part of GPI’s work to achieve a zero-carbon energy system by midcentury. GPI engages a broad set of interests at the state and federal levels to increase the deployment of carbon capture projects and infrastructure. We developed a carbon capture 101 fact sheet (PDF and text below) as a starting point for learning about what carbon capture is and why it’s an important economic and environmental strategy.
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Game-changing technology that models the lowest-cost, best placement, and most effective use of carbon capture, transport, and storage has earned a prestigious research and development award. A technology that happens to be at the heart of GPI’s work on carbon capture for the past few years. Continue reading »
GPI is pleased to welcome Jessie Stolark as our new public policy and member relations manager. Jessie will support the Carbon Capture Coalition which is convened by GPI and brings together 70-plus members from industry, labor, and NGOs to advance carbon capture policies and commercial deployment. Continue reading »
Representatives of US industry, labor unions, state and federal officials, environmental and clean energy NGOs, and philanthropy joined the Great Plains Institute (GPI) in September 2019 on an American public and private delegation to the United Arab Emirates (UAE), Belgium, and the Netherlands to explore carbon capture in steel production and see leading commercial-scale examples overseas of carbon capture and utilization projects in operation and under construction. Continue reading »
