Later On

A blog written for those whose interests more or less match mine.

BC Firm Lobbying Washington On Proposed Efforts to Suck Carbon Directly From The Atmosphere

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If the technology passes muster, then I think one sensible option would be for the government to take on a few cents per gallon to build a great many of these CO2 scrubbers and run them. I would think that one big plant could account for many cars, and taxing fossil fuels to pay for the removal of the CO2 they produce makes sense to me.

From the article by Sean Craig at the link:

A B.C. carbon capture firm has tapped a U.S. lobbying firm to build congressional support for fighting climate change by pulling CO2 emissions right out of the air.

Squamish-based Carbon Engineering (CE) paid about $30,000 in the first three months of 2020 to AJW, Inc., a firm that specializes in energy and environmental government relations, to meet with U.S officials in order to push carbon capture legislation, according to congressional records.

U.S. lawmakers are currently considering a handful of bills that could bolster investor appetite for the technology. They are at the centre of an emerging bipartisan approach to climate change legislation that relies on market incentives rather than spending, meaning the bills have a better chance of passing both houses of congress. (For example, the big spending, Democrat-backed Green New Deal was last year rejected by the Republican-led Senate).

One bill which is the focus of AJW’s lobbying, the Carbon Capture Improvement Act of 2019, would allow local or state governments to issue tax-exempt bonds in order to build carbon capture projects.

It was introduced in the U.S. Senate by Colorado Democrat Michael Bennet and cosponsored by his Republican colleague, Rob Portman of Ohio. House Republican Tim Burchett of Tennessee introduced the bill in the lower chamber, arguing it “allows the free market, rather than the government, to determine innovative ways to go green.” . . .

Written by Leisureguy

13 May 2020 at 7:48 pm

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