A bipartisan bill introduced Thursday would vastly expand federal support for a wide array of technologies intended to permanently remove carbon dioxide from the air and seas — a top policy priority for the nascent carbon removal industry.
The legislation by Sens. Michael Bennet (D-Colo.) and Lisa Murkowski (R-Alaska) is unlikely to pass in the final frantic weeks of the 118th Congress.
But its introduction signals that carbon removal subsidies could be on the table next year, when congressional leaders plan to examine federal incentives as part of a push to extend expiring Trump-era tax cuts.
The tax debate will be led by President-elect Donald Trump and his Republican allies, who flipped control of the Senate and held the House in elections earlier this month. Trump has criticized Biden administration efforts to limit global warming.
