The Coalition to Stop CO2 Pipelines is gathering signatures on a petition asking Congress to “protect the public” from carbon capture and storage (CCS).
Under the Biden administration, Congress included billions of dollars in federal subsidies for CCS in the 2021 Infrastructure Act and the 2022 Inflation Reduction Act. Additional billions are available to private pipeline companies through tax credits.
A full explanation and the wording of the petition are included below, and you can add your name here. Also, remember to register for the April 22 (Earth Day) premiere of UNearthing the CO2 Pipeline, a John Birch Society documentary that exposes the nefarious agenda behind this government boondoggle.
Ask Congress to cut wasteful spending and protect the public from CCS!
Carbon capture, transport and storage (CCS) can risk public health and safety, damage cropland, pollute water, and take people’s land. Last February, hundreds of organizations called on the House Ways and Means Committee and Senate Finance Committee to use the budget reconciliation process to cut this wasteful and harmful spending.
CCS is not possible without federal subsidies provided by 45Q of the IRS tax code. Industry knows these tax credits will cost over $800 billion in subsidies. The Institute for Energy, Economics and Financial Analysis has demonstrated that, if left unchecked, these subsidies could balloon to nearly $3 trillion by 2050.
Will you tell Congress to use the budget reconciliation process to cut this wasteful subsidy, and protect hard-working people from this technology? Please add your name to the petition, below.
The petition reads:
Dear Members of Congress: Oppose Dangerous Carbon Capture Subsidies
We, the undersigned, support a repeal of the federal 45Q tax credit, a massive waste of what could be hundreds of billions in taxpayer dollars that benefits private corporations and billionaires while putting communities across the country at risk from dangerous carbon capture infrastructure.
Despite receiving billions in public subsidies, carbon capture remains an expensive and dangerous industry. CO2 pipelines and storage sites pose serious safety hazards, with leaks and ruptures threatening public health, local economies, and emergency response systems.
We must repeal the 45Q tax credit and stop wasting public money on a dangerous and ineffective industry.
