Bipartisan Senate bill indicates GOP support for carbon capture tax credits

Published November 22, 2024 10:38am ET



Sens. Michael Bennet (D-CO) and Lisa Murkowski (R-AK) have introduced bipartisan legislation to support expanded tax credits for carbon removal projects — a sign that carbon capture subsidies will remain on the table in the Republican-controlled Congress.

The bill, known as the Carbon Dioxide Removal Investment Act, was introduced on Wednesday and faces a steep hill to climb to pass in the lame-duck session. But the bipartisan support for carbon capture indicates Republican backing for the green technology as the Trump administration is expected to roll back various Biden administration climate tax credits and rules. 

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