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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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Three companies want to capture carbon dioxide from Midwestern ethanol plants, transport it by pipeline and store it underground. Many in the ethanol industry claim it’s essential to the industry’s survival. Environmentalists and even farmers argue the pipelines are a boon for the industry — not a real solution for climate change.