Proposed U.S. carbon capture credit hike cheers industry, worries greens - World Economic

Proposed U.S. carbon capture credit hike cheers industry, worries greens - World Economic

Proposed U.S. carbon capture credit hike cheers industry, worries greens

Nov 1 (Reuters) – A proposed tax credit hike for U.S. carbon capture and sequestration projects being mulled by Congress could trigger a big jump in use of the climate-fighting technology to clean up industry, but environmentalists worry the scheme will backfire by prolonging the life of dirty coal-fired power plants.

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