Mike Conaway: “This morning I introduced the Carbon Capture Act, which makes simple changes to the existing section 45Q tax credit that…”

“This morning I introduced the Carbon Capture Act, which makes simple changes to the existing section 45Q tax credit that further incentivizes carbon capture and sequestration projects. CCS technology will help reduce carbon emissions while simultaneously creating jobs, bolstering domestic oil production, and providing regulatory relief for our coal industry. Yes. You heard that right. The benefits of CCS are bringing folks who do not traditionally work together to the same table for the betterment of our Nation's energy security. Often people believe they are forced to choose between supporting economic development or environmental stewardship. However, this bill is evidence that that is a false choice. Above all, CCS serves as a testament to the entrepreneurial spirit and gumption found throughout this great country. In Texas District 11, I have seen this innovative spirit daily. These projects will play an important role in west Texas' and our Nation's future energy portfolio. I hope my colleagues will join me in supporting this important legislation. ____________________”