[Congressional Record Volume 162, Number 30 (Thursday, February 25, 2016)]
[House]
[Page H895]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
CARBON CAPTURE ACT
The SPEAKER pro tempore. The Chair recognizes the gentleman from
Texas (Mr. Conaway) for 5 minutes.
Mr. CONAWAY. Mr. Speaker, this morning I introduced the Carbon
Capture Act, which makes simple changes to the existing section 45Q tax
credit that further incentivizes carbon capture and sequestration
projects.
CCS technology will help reduce carbon emissions while simultaneously
creating jobs, bolstering domestic oil production, and providing
regulatory relief for our coal industry. Yes. You heard that right.
The benefits of CCS are bringing folks who do not traditionally work
together to the same table for the betterment of our Nation's energy
security.
Often people believe they are forced to choose between supporting
economic development or environmental stewardship. However, this bill
is evidence that that is a false choice. Above all, CCS serves as a
testament to the entrepreneurial spirit and gumption found throughout
this great country.
In Texas District 11, I have seen this innovative spirit daily. These
projects will play an important role in west Texas' and our Nation's
future energy portfolio.
I hope my colleagues will join me in supporting this important
legislation.
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