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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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Major Averages Holding On To Modest Gains In Early Afternoon Trading


Major Averages Holding On To Modest Gains In Early Afternoon Trading
WASHINGTON (dpa-AFX) - Buying interest has waned from earlier in the session, but stocks remain mostly positive in early afternoon trading on Thursday. With the upward move, the major averages are adding to the gains posted in the previous session.
Currently, the major averages are holding on to modest gains. The Dow is up 151.17 points or 0.4 percent at 34,474.22, the Nasdaq is up 28.01 points or 0.2 percent at 13,766.00 and the S&P 500 is up 13.66 points or 0.3 percent at 4,209.65.
The strength on Wall Street may partly reflect continued optimism about the economy after the Labor Department released a report showing weekly jobless claims once again fell to a new pandemic-era low. ....

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