(The Center Square) – Many landowners and other stakeholders in Iowa have raised concerns about two proposed carbon-capture pipeline projects that would stretch through Iowa and other Midwestern states.
A handful of opponents of the Summit carbon capture pipeline rallied Thursday prior to the company’s CEO Bruce Rastetter speech at GreenSeam’s 2021 Rural Forum. The event was held outside Mayo Clinic Health System Event Center in Mankato, Minn.
Iowa resident, gourd farmer and Food & Water Watch organizer Emma Schmit said at the rally that carbon capture isn’t the solution to “the looming climate crisis.” She criticized the use of tax dollars to developing the industry.
President Joe Biden’s Build Back Better Act would extend the 45Q Credit to carbon oxide sequestration projects that begin construction by 2031, giving developers another six years. The Infrastructure Investment and Jobs Act allocated billions of dollars to carbon capture technology and storage programs through the Department of Energy, a Holland & Hart LLP article on JDSupra summarized. The programs include creating four regional direct air capture hubs that could capture and sequester at least 1 million tons of CO2 annually from the atmosphere. A Carbon Dioxide Transportation Infrastructure Finance and Innovation program provides $2.1 billion in low-interest loans to…