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States Push Federal Tax Credit For Economic Boost From Ethanol & CCS

December 29, 2017
States aiming to increase deployment of carbon capture and storage (CCS) are pushing a federal tax credit as a key incentive for promoting the technology, which the states argue will help boost the economies of rural areas when paired with ethanol production and also improve the environment by reducing greenhouse gas emissions. However, the states are also reiterating concerns about a proposal from California regulators concerning which CCS facilities could generate lucrative credits for the state's low-carbon fuel standards (LCFS),...


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