Carbon Storage Overview
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Underground Storage of CO2 is a Legal Morass
Burying CO2 in the ground raises numerous legal issues that have not been resolved. These are issues for land holders to consider before agreeing to CO2 burial.
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Video: Attorney Paul Blackburn explains how the 45Q tax scam props up the oil industry with public money.
The future of the oil industry depends upon the use of massive amounts carbon dioxide (CO2) to extract more oil from the ground (making climate change worse). But CO2 is expensive to capture — so Congress has created Tax Code Section 45Q to give the oil barons the free CO2 they need to continue polluting.
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The 45Q tax credit has created a massive tax scam. Suddenly dozens of corporations are sidling up to Uncle Sam's hog trough to get some free money, which many of them use to pump more oil out of the ground.
Attorney Paul Blackburn of the Bold Alliance has dissected the 45Q tax scam in a series of essays, available here.
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Myths About Carbon Storage—The Sleipner Case
Finding a safe storage site with the necessary integrity is a costly and lengthy process. Small leaks are difficult to detect, but they are crucially important.
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How Much CO2 Leakage is Acceptable?
This study concludes that a leakage rate of just 1% a year from a CO2 storage system renders CCS ineffective as a climate-change solution.
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U.S. Forest Service Proposes CO2 Burial in National Forests
U.S. National Forest Service has proposed a new rule to allow burial of toxic waste CO2 in national forests.