Political Quotes

“Madam President, I rise today to introduce the Carbon Removal and Emissions Storage Technologies Act, the CREST Act. I want to thank Senator Cantwell for her partnership in working on this bill. Our bipartisan bill would direct the Department of Energy to research and evaluate the feasibility of innovative carbon removal and storage pathways. The name the ``CREST Act'' alludes to the fact that we have reached the ``crest'' of our emissions, and we must work to reduce them. With more and more private and public sector commitments to reach net-zero emissions within certain timeframes, companies are scrambling to invest in quantifiable, durable, and verifiable carbon removal solutions. Microsoft, for example, has made a commitment to be carbon negative by 2030. Even though Microsoft plans to reduce its greenhouse gas emissions by more than half, it will need to remove the rest of its carbon emissions. In order to do this, Microsoft plans to invest $1 billion in carbon removal technologies, such as direct air capture, forestation, and carbon mineralization. Despite the growing number of companies that are looking to offset their emissions, current cost estimates show that private sector investment alone will not be sufficient to research and deploy carbon removal pathways.…”