Every federal lobbyist registered to work on behalf of Silicon Valley Bank swung through the so-called “revolving door" between the government and private sector.
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Rare climate bipartisanship emerges on carbon storage, air capture
Illustration: Rebecca Zisser/Axios
Bills aimed at trapping industrial carbon emissions or pulling CO2 directly from the atmosphere are piling up in Congress and instead of the usual gridlock, some of them may actually gain momentum.
Why it matters: Scientists say that these emerging technologies, neither of which is economically available at scale, are going to be needed in potentially large amounts in order for the U.S. to go from the second-largest emitter of greenhouse gases, to a nation that absorbs more carbon than it releases.
Driving the news: Sens. Michael Bennet (D-Colo.) and Rob Portman (R-Ohio) introduced on Wednesday morning the Carbon Capture Improvement Act to help power plants and industrial facilities to finance carbon capture and storage equipment as well as more unproven direct air capture projects.
Governors Wind Energy Coalition
Rare climate bipartisanship emerges on carbon storage, air capture Source: By Andrew Freedman, Axios • Posted: Wednesday, May 26, 2021
Bills aimed at trapping industrial carbon emissions or pulling CO2 directly from the atmosphere are piling up in Congress and instead of the usual gridlock, some of them may actually gain momentum.
Why it matters: Scientists say that these emerging technologies, neither of which is economically available at scale, are going to be needed in potentially large amounts in order for the U.S. to go from the second-largest emitter of greenhouse gases, to a nation that absorbs more carbon than it releases.