Tax breaks; Someone in Montana needs to talk to this guy?
Why does everyone want to stuff CO2 gas down a hole?
No-one knows if it will work or, if it does, for how long.
Terra preta and carbon-soil sequestration is proven.
So why no tax breaks here?
http://www.newwest.net/index.php/topic/article/a_messy_start_for_carbon_sequestration_bill/C70/L37/
I note there is no provision to select "politics" when making a post?
Montana Legislature
A Messy Start for Carbon Sequestration Bill
By Dan Testa, 1-17-07
Greg Lind, D-Missoula, introduced a bill in the Legislature Wednesday that would give tax breaks to carbon sequestration equipment. File photo by Brian McDermott.
While the governor was in the rotunda giving the Republican House Speaker the gift of a bolo tie, on the fourth floor of the capitol representatives from the oil, coal and power industry were lining up to support a bill that could combat global warming.
. . . .
Bud Clinch, executive director of the Montana Coal Council, said the amendments could narrow the bill’s scope too much. Processes like enhanced oil recovery, which pumps CO2 into the ground to bring oil up out of a reserve, re-use carbon in a beneficial way but don’t meet Lind’s definition of geologic sequestration, Clinch said.
Yeah, it was kind of a surreal day.
Sponsored by Greg Lind, D-Missoula, Senate Bill 105 would create a tax break for new equipment used to sequester carbon. Carbon sequestration, loosely defined, is the process by which carbon is removed or separated during the energy-production process and stored underground.
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