Daily Energy Insider
Published on December 31, 2020 by Chris Galford
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The Utilizing Significant Emissions with Innovative Technologies (USE IT) Act was signed into law this week, extending the 45Q tax credit for carbon capture projects for two years and supporting carbon utilization and direct air capture research.
The legislation, originally introduced by U.S. Sen. John Barrasso (R-WHY), chairman of the Senate Committee on Environment and Public Works (EPW), was included as part of the legislative package to fund the federal government.
Along the way, it also clarifies that carbon capture, utilization, and storage projects (CCUS) and CO2 pipelines are now eligible for the streamlined permitting review process created under the FAST Act and orders the Council on Environmental Quality (CEQ) to create guidance to speed the development of CCUS facilities and CO2 pipelines. It also will create task forces to gather input from stakeholders who stand to be affected b
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