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.
Business & FinanceEnvironment
Reuters reveals White House, top Democrats agree to boost carbon capture credit in budget bill
01 October 2021, 2:26 pm 1 minute
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