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The company cancelled the project ten days after withdrawing its application before the Illinois Commerce Commission.
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Proposed projects would add more than 3,000 miles of new carbon pipelines through rural parts of the Midwest. Some emergency officials are concerned about safety, especially after a rupture on a similar pipeline three years ago.
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A carbon capture company is asking Iowa regulators to put a "hold" on its application to build a pipeline.
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In an effort to reach zero carbon emissions by 2050, the Biden administration is offering more tax credits for carbon capture sequestration and utilization. The program once expected to cost $3.2 billion now could exceed $100 billion.
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Three companies are proposing pipelines across the Midwest that would carry carbon dioxide captured from ethanol plants to underground sequestration sites. The plan is to inject the CO2 deep into rock formations under Illinois and North Dakota, but some landowners are pushing back.
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A House bill that would have restricted the use of eminent domain for carbon capture pipelines appeared to be dead for the year Thursday after the Iowa Senate failed to advance it ahead of a legislative deadline.
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The Iowa House of Representatives passed a bill Wednesday that would ban the use of eminent domain for carbon capture pipelines unless 90% of the route is first acquired through voluntary land sales.
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14 county board members voted in favor of intervening. One voted against it and one abstained from the vote.
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Twenty-two Republican representatives sponsored the bill that would require owners of 90% of the land in a carbon pipeline’s path to agree to the pipeline before eminent domain could be used to access land from unwilling owners.
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An estimated 50 residents attended a meeting in Donnellson to voice their opposition to the project.