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The 45Q Credit: Federal Government Support for Carbon Capture and Sequestration
Other than Enhanced Oil Recovery (“EOR”), which is effectively banned in California, there is no market for captured CO2; no direct economic benefit, product or service to be bought or sold. Thus, Carbon Capture and Sequestration (“CCS”) is only...
On the Verge: Federal Government Ready to Issue California’s First Draft Carbon Capture and Sequestration Permit
The US Environmental Protection Agency (“EPA”) made a bit of history in December 2023 when it issued California’s first draft Carbon Capture and Sequestration (“CCS”) Class VI well permit. The permit, issued for a project proposed by California...
Carbon Capture and Sequestration: A Potential Bonus for California Farmers and Ranchers
California’s focus on the climate crisis has created new opportunities for landowners to passively generate revenue through Carbon Capture and Sequestration (“CCS”) projects. CCS is the process of capturing CO2 from a stationary source, e.g., an oil...