Comments on: EXCLUSIVE: New Carbon Capture Tax Credit Would Drive Higher Emissions, Could Mislead Investors

By: Mitchell Beer

Mitchell Beer — Wed, 31 Mar 2021 08:41:25 +0000

In reply to Shan Pletcher. How is it less carbon-intensive if no one is accounting for the 80%+ of emissions that occur after the product reaches its final destination, and is used as directed?

By: Shan Pletcher

Shan Pletcher — Mon, 29 Mar 2021 23:16:46 +0000

Someone is forgetting that oil is a commodity where supply is affected by demand. New, lower emissions intensive EOR oil coming on-line will displace more carbon intensive oil. This quote assumes you can produce more oil and someone will still buy it, and buy it at the same price! “Citing a 2017 analysis [pdf] by Oil Change International, the Environmental Defence letter said the U.S. credit “could result in at least an additional 400,000 barrels per day of CO2-enhanced oil production in the United States in 2035, which would directly lead to as much as 50.7 million tonnes of net CO2 emissions annually—and possibly far more. The portion of the bill that benefits the oil industry alone could cost American taxpayers as much as US$2.8 billion every year.”

By: David Wilson

David Wilson — Thu, 25 Mar 2021 08:45:40 +0000

How about a Carbon Credit for the Renewable Energy that Heat Pumps produce? Heat pumps (either air source or ground source) produce 3 to 4 TIMES the energy that you put into them as electricity as output thermal energy. Two to three kilowatt-hours of FREE Renewable Energy for every kilowatt-hour you pay for!

Tax things that you don’t want and subsidize things that you do want