US Inflation Reduction Act offers tax breaks for large-scale carbon capture, utilisation and storage

Read the full story at Offshore Technology.

President Biden signed the $430bn Inflation Reduction Act on Tuesday. The bill incentivises carbon capture, utilisation and storage (CCUS), which according to oil and gas advocates, could help reduce startup costs for anti-pollution initiatives.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.