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Armstrong Joins Bipartisan Effort to Spur Development of Carbon Capture Technologies Devils Lake Journal WASHINGTON – Congressman Kelly Armstrong (R-ND) joined Congressmen David McKinley (R-WV) and Marc Veasey (D-TX) in reintroducing the Accelerating Carbon Capture and Extending Secure Storage through 45Q (ACCESS 45Q) Act. This bipartisan legislation extends the date for projects to begin construction to claim the 45Q tax credit for carbon dioxide sequestration by ten years. It also tweaks the tax credit to make it more attractive to developers. The COVID-19 pandemic has hurt the U.S. energy sector and slowed the development of carbon capture projects. By extending the eligible date for projects to begin construction, allowing developers upfront access to the full value of the credit, and opening up financing opportunities to those companies with an international reach, the ACCESS 45Q Act provides the long-term certainty that the U.S. needs to build carbon capture projects and

District of columbiaUnited statesNorth dakotaDevils lakeK william boyerRevenue serviceInternational energy agencyArmstrong joins bipartisan effortSpur developmentCarbon captureCongressman kelly armstrongDavid mckinleyMarc veaseyAccelerating carbon captureExtending secure storageInternal revenue service