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Bipartisan US bill proposes tax credits for carbon storage


Bipartisan US bill proposes tax credits for carbon storage
May 27, 2021 1:25:pm
Summary
by: Daniel Graeber
Posted in:
Bipartisan US bill proposes tax credits for carbon storage
A bipartisan measure drafted by US legislators fills the gap in tax legislation for credits on carbon capture, representatives said May 25.
“This is a pivotal time in this country to address the existential climate crisis, and we must take an active role in meeting the moment,” Tim Ryan, a Democratic member of the House of Representatives for Ohio, said. “That means leveraging the might of the US government and the ingenuity and strength of American businesses to meaningfully lower US emissions.” ....

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Chevron Invests in CO2 Capture Startup


Chevron Invests in CO2 Capture Startup
Jan 18, 2021 11:50:am
Summary
by: Joe Murphy
Posted in:
Chevron Invests in CO2 Capture Startup
US major Chevron announced on January 14 that it had made a Series C investment in San Jose-based Blue Planet Systems Corp, a startup that manufactures and develops carbonate aggregates and carbon-capture technology to reduce emissions from industrial operations.
Chevron and Blue Planet also signed a letter of intent to work together at potential pilot projects and commercial development in key geographies, the oil and gas producer said.
Blue Planet, founded in 2013, creates carbonate-based building aggregate made from flue gas-captured CO ....

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