CRAMER JOINS ENERGY COALITION IN REINTRODUCING CARBON CAPTURE ACT
WASHINGTON, D.C. – Congressman Kevin Cramer joined a coalition of 30 House members to originally cosponsor the Carbon Capture Act, sponsored by Rep. Mike Conaway (R-TX).
H.R. 3761, the Carbon Capture Act, incentivizes carbon capture and sequestration (CCS) projects a technology that, according to Conaway’s office, can capture up to 90 percent of the carbon dioxide emissions produced from the use of traditional fuel methods in electricity generation and industrial processes.
“With our coal, oil, and gas industries in North Dakota, we’re in a perfect spot to develop these technologies to increase energy production, jobs, and security,” said Cramer. “The opportunity to lead the way in these new technologies is something North Dakota is very excited about.”
The Conaway bill improves the existing tax credit for the capture and utilization or storage of carbon dioxide to support the ongoing development of clean coal technologies. The bill compliments Congressman Cramer’s CO2 Regulatory Certainty Act to harmonize Internal Revenue Services and Environmental Protection Agency regulations.
“Basin Electric supports the efforts of Congressmen Conaway, Cramer and others to advance carbon capture projects in America with the introduction of the Carbon Capture Act. We believe clean coal technology coupled with carbon capture projects holds the key to an energy future that involves all sources of energy. While domestic, abundant, and reliable, the coal industry is evolving and recognizes the need to lower carbon emissions. Through our efforts at Dakota Gasification Company’s Great Plains Synfuels Plant, we’ve captured more than 35 million tons of CO2 for enhanced oil recovery. This legislation expands the tax credit to better foster opportunities for private industry and government to work together, innovate, and advance further carbon capture projects. This country has accomplished great things when industry and human ingenuity are facilitated, encouraged, and unleashed. This is a pivotal time for our nation’s energy future, and this legislation represents an important step in the right direction.” – Paul Sukut, CEO and General Manager, Basin Electric
“Many power plants in North Dakota (and elsewhere) are close to oil fields that could use carbon dioxide for enhanced oil recovery. Appropriate incentives could facilitate CO2 recovery from power plants, which would provide an environmental benefit to the electric power sector and would encourage more thorough recovery of the oil resource.” – Rick Lancaster, Vice President and Chief Generation Officer, Great River Energy
Cramer questioned witnesses at an Energy and Commerce Subcommittee on Energy Hearing this past week emphasizing how critical it is to our modern economy and society to maintain a reliable electric system. He highlighted concerns with early shutdown of baseload generation, like coal, impacting reliability and increased costs to ratepayers. View Cramer’s questioning here.