IRS Tees Up Alternative To EPA's CCS Standards For Certifying CO2 Storage

May 22, 2019
The IRS is soliciting feedback on how it should implement an expanded tax credit for carbon capture and storage (CCS) and formally floating the possibility of allowing companies to use an alternative to EPA rules to certify long-term storage, a move that highlights the crucial issue of how to define permanent sequestration. The outcome of the issue most affects how energy companies can access lucrative federal subsidies for voluntary CCS activities, but it may set a broader precedent for considering...


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