Jon Tester: “what this amendment does is gives loans for equipment to capture and sequester carbon from coal-to-liquid technology. It…”

“what this amendment does is gives loans for equipment to capture and sequester carbon from coal-to-liquid technology. It also allows for loans to construct the plant. The Federal Government has the opportunity right now to push coal to liquids forward with some dollars. Also, what happens with this amendment is--and these are entirely achievable parameters--75 percent of the carbon would be captured and sequestered, and it would be 20 percent less than life-cycle greenhouse gases from petroleum. It works for this country in making us more energy independent and it works for the global warming issue to make sure we get our hands wrapped around that and it is progress in the proper way for energy development. It is endorsed by the AFL-CIO, the United Mining Association, and Dow Chemical. This amendment is achievable, entirely achievable. The industry testified in the Senate Finance Committee that they could capture and sequester 85 percent. This amendment does it at 75 percent. I encourage the adoption of this amendment.”