The Carbon Capture Con

Carbon capture tax credit 45Q has been dramatically expanded despite its failure to deliver results, with total costs potentially reaching $800 billion. This represents an enormous taxpayer liability for a technology that consistently underperforms while enriching oil, gas, and ethanol industries through backdoor subsidies.

• 10 out of 13 major carbon capture facilities have failed or underperformed
• Companies self-report emissions reductions with no EPA verification or accountability
• CCS developers are claiming common carrier status to seize private land through eminent domain
• The tax credit has increased to $180 per ton, including for carbon used in enhanced oil recovery
• Pipeline leaks have caused hospitalizations and pose risks to groundwater
• US Department of Energy is withdrawing $3.7 billion in funding for carbon capture projects.

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