Carbon Capture Tax Credit a Bust — So Far

Carbon Capture Tax Credit a Bust — So Far

Congress in 2018 gave a lucrative tax credit to the nascent and controversial carbon capture industry, but so far, according to The New York Times, the Internal Revenue Service has yet to promulgate the regulations that would allow businesses that qualify to get the tax benefit. 

Why This Matters:  The Republicans’ big plans on carbon capture and sequestration won’t mean bupkis if the Trump Administration won’t implement them.

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