DOE Oil Group Seeks Carbon Price, Tax Credits To Adopt CCUS ‘At Scale’

A group that advises the Energy Department (DOE) on petroleum policy, including companies across all facets of the oil sector, is for the first time calling for an eventual carbon price and a suite of other federal policies to deploy carbon capture, use and storage (CCUS) technologies “at scale." In a Dec. 12 report , DOE’s National Petroleum Council (NPC) is urging federal policymakers to adopt a near-term boost to federal tax breaks for CCUS, ease EPA rules for underground...