Grace about two or two miles in parts of the United States and will start seeing the remains of the old ocean. The deadly dead marine creatures are pressed in the white limestone, surrounding the meat groundwater with a higher salt content than the Atlantic Ocean.
Last summer, Exxonmobil Sponsored Campaign that lasts a week to teach primary school students from Texas, Louisiana and Mississippi about the virtues of this groundwater, specifically their ability to work as d’arvings to capture and turn carbon, where oil, gas and heavy industry can bury harmful emissions in depth under the ground. In one of the exercises, students were granted 20 minutes to build a model of vegetable oil, play, pasta and uncooked beans. Everyone who can keep the largest vegetable oil (aims to represent the texture carbon dioxide) in their groundwater layer, won.
This type of carbon capture enhanced at home is a relatively new development of the oil and gas giant. In recent years, at Exxonmobil and other fossil fuel companies Spent Millions who are pressing for government support for what they see as a green, friendly technology, and most notably Carbon capture and store itThat many environmental scientists and activists have argued and paid attention to eliminating fossil fuels in the first place. According to Exxon on the Internet, this is evidence that they are Driving “The greatest energy transmission in history.”
Now that Congress turned his attention to the retreat from government spending on renewable energy, it seems that most climatic “solutions” are left outside the cutting block that intensive carbon companies like Exxon prefer. For example, the tax exemptions for companies to capture and store carbon were one of the few things that the prejudice did not touch when Republicans in the House of Representatives approved a budget bill on May 22 effectively I devoured The Law on Inflation, or the Irish Republican Army, legislate the signing of the Biden administration. The remaining tax credits of clean energy in the Irish Republican Army were incentives for nuclear fuel, so -called clean fuel such as ethanol and carbon capture. When the Irish Republican Army was passed in 2022, there was an immediate violent reaction against the rulings of carbon capture.
“Basically, we, the taxpayers, are supporting the special sewage system of oil and gas,” said Sandra Stapper, a prominent scientist in the Non -profit environmental science and health network.
Tax credits for nuclear power plants, which produce energy without emission Greenhouse gasesIt is supposed to stimulate what President Donald Trump hopes to be “the renaissance of energy”, ” Enhance Through a wave of pro -implementing executive orders, a day was issued a day after the budget bill was evacuated on the House of Representatives. Projects will be able to use tax credits if construction begins by 2031; However, wind and solar energy companies will lose access to tax credits unless construction begins within 60 days of Trump’s signing on the bill, and it is fully operated by 2028.
Jim Walsh, director of policy in monitoring food and non -profit water, said that the tax credit for carbon capture was not at risk of cancellation is a testimony of its importance in the oil and gas industry. “The main beneficiaries in these tax credits are oil and gas companies and large agricultural interests.”
The tax credit was created to take the carbon for the first time in 2008, but the subsidies have multiplied more than twice when they were transferred to the Irish Republican Army in order to obtain former Senator Joe Mancin from the Western Virginia vote. Companies are now receiving $ 60 per ton of carbon dioxide captured and used to expel oil from the ground (a process known as “optical oil recovery”) and up to $ 85 compared to a ton of permanently stored carbon dioxide. like almost 60 percent of the C02 captured in the United States is used to recover improved oil, tax credit critics see as the Devil’s deal, a ruling that supports an industry at the expense of the taxpayer.
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The amount of carbon that has already taken by these projects is also a discussion issue. Tax credit It requires Companies that the report self -report is the amount of carbon dioxide they pump to serve internal revenue. At the same time, the Environmental Protection Agency is responsible for tracking leaks. There are tax penalties if the carbon dropout that has been captured, but those penalties apply only in the event of leaks in the first three years after injection. Holding companies are more complicated by the fact that tax declarations are confidential, and Walsh warns that there is little communication between the Environmental Protection Agency and the Tax Authority. Annika Gwin, a research company, a research company, added, “The supervision is very” very “.”
“You can keep some of the oil fields that have been played for a long time, and you can make the audience pay for them,” said Caroline Ravinsburger, Executive Director of Environmental Health and Health Network. “So the argument is,” this is a climate victory, it is a victory for energy dominance. ” [But] It is really a Budget with a budget without degrees at all. ”
The current carbon copies facilities were invented from technical and financial issues. The first commercial carbon capture plant in Decatur, Illinois, mushroom Examinals last year directly under Lake Decatur, the city’s main source of drinking water. When the carbon dioxide is hits the center of water, it turns into carbonic acid, which connects heavy metals from the rocks inside the groundwater layer and toxes water. Although a certain level of public health concerns comes with many emerging technologies, critics indicate that all these risks are tolerated by technology that has not been proven to work on a large scale, and may already increase emissions by stimulating more oil and gas production. It can also strain the existing electrical network – the preparation of natural gas or the coal factory with carbon capture equipment can be absorbed on 15 to 25 percent of the power of the plant.
“He said Argue There is no reasonable use of carbon capture. They “increase people [energy] The costs do nothing to the climate. “
But technology has defenders among scientists. The 2022 report of the International Governmental Committee on Climate Change is called an increase in carbon capture technology “that cannot be avoided” if the countries want to reach clear yellow emissions. Jesse Stolark, CEO of carbon capture coalition, an umbrella organization for fossil fuel companies, unions and environmental groups, claims that the arguments such as Jacobsen that have placed technology are unnecessary against renewable energy sources. “We need all solutions in the set of tools,” she said. “We do not say do not publish these other technologies. We see this largely as a supplementary and supportive piece Carbon removal A set of tools. ”
Stolark said that carbon capture did not make it outside the budget process ease that caused the bill, as the invoice determined that companies are no longer able to sell carbon capture tax credits. The so-called “transportation”-the ability to sell these tax credits in the open market- Precious To small startups that have struggled to secure financing in their early stages, according to Stolark. The Carbon Capture coalition urges the restoration of transportation now after the draft law has moved from the House of Representatives to the Senate.
However, the types of companies that are likely to demand tax credits to capture carbon – are often the main players in oil, gas, ammonia, steel and other heavy industries – less likely to rely on transportation more than the most modest companies (often renewable energy providers), which make smaller tax bills more difficult for them to achieve the value of the tax credit concerned.
“It is expected that many factories, power plants, and industrial facilities that are spread over the next ten years or so are really great [facilities] “With the large tax burdens,” said Dan Operen, the chief of energy modeling analysts, a clean energy research tank in San Francisco. It is not the type of young producers – like small solar energy companies – that depend on transportation for guaranteeing tax credit. ”
For some observers, maintaining carbon picking credit seems to be a strict gift of oil and gas. JUHN estimated that credit could eventually end at the cost of taxpayers more than $ 800 billion by 2040. Given the aggressive discounts of the House of Representatives Law draft social programs such as Medicaid and Complementary nutrition assistance programJUHN finds a carbon pickup attack. “When we look at these other programs, where we are Nickel And the benefits that apply to people who can really use them, what does that mean? It is total. ”
