Why US supermajors are working to drive down carbon capture costs even after boost in tax credits

The most expensive types of potential carbon capture and storage projects in the US still exceed $100 per tonne in costs, suggesting they are not viable even with increased federal tax credits

Taking action: US President Joe Biden signed into law the Inflation Reduction Act, which included measures to increase the 45Q tax credits for carbon sequestration.
Taking action: US President Joe Biden signed into law the Inflation Reduction Act, which included measures to increase the 45Q tax credits for carbon sequestration.Photo: AP/SCANPIX
Published 12 April 2023, 14:17Updated 17 April 2023, 11:48