Feds Roll Out $12.1B in Infra Funding for Carbon Capture Tech, Pipelines

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Clean Energy Construction

Feds Roll Out $12.1B in Infra Funding for Carbon Capture Tech, Pipelines

February 20, 2022
Mary B. Powers and Debra K. Rubin

KEYWORDS carbon capture and storage / CCUS / clean anergy construction / Rio Tinto mining

The White House is gearing up to spend $12.1 billion under the federal infrastructure bill to develop and deploy carbon capture technologies and build carbon dioxide transport pipelines. The Council on Environmental Quality seeks comments by March 18 on its proposal to deploy carbon capture, utilization and sequestration (CCUS) projects, it said in a Feb. 16 Federal Register notice, which includes guidance to help US agencies regulate and permit them.

The U.S. will likely need to capture, transport and permanently sequester significant amounts of CO2 to meet the current US goal of net-zero emissions by 2050, the notice said, but its first priority to address climate change is to avoid emissions.

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[WHITT]

1. Waste Of Money

Every single example anywhere on the planet has either gone bankrupt or costs more to operate, requiring ongoing subsidies.