Tester introduces bipartisan bill to support energy jobs
Sen. Jon Tester (D-Montana) has introduced bipartisan legislation to encourage technological innovation, reduce carbon emissions, create jobs, and support Montana’s growing energy economy.
According to a news release from Tester’s office, the bill has broad support from coal companies, utilities environmental groups and labor organizations.
The bill extends and expands the 45Q tax credit, which supports coal and natural gas by encouraging development and use of carbon capture, utilization and storage, as well as incentivizing technology to transform carbon emissions into useable products.
“Montana is rich with natural resources that create good-paying jobs, and we have a responsibility to find workable solutions to keep them competitive,” Tester said. “This bill will invest in new technology to ensure that we can responsibly take advantage of these resources while protecting jobs and our clean air and water for future generations.”
The measure would incentivize industrial carbon capture projects that plan to use CO2 and CO for enhanced oil recovery and convert carbon dioxide into useable products.