Business & FinanceEnvironment

Reuters reveals White House, top Democrats agree to boost carbon capture credit in budget bill

Reuters broke the news that the White House and top Democratic lawmakers have agreed to boost a tax credit for industrial carbon capture projects in a deal that could help solidify support for the budget reconciliation bill at the heart of U.S. President Joe Biden’s economic agenda. Reuters sources said the agreement would raise the so-called 45-Q tax credit for carbon capture projects in heavy industry, such as cement and steel plants, to $85 per metric ton. 

Article Tags
Topics of Interest: Business & FinanceEnvironment
Type: Reuters Best
Sectors: Government & Public Services
Regions: North America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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