One of Congress’ leading skeptics of mainstream climate change science and a critic of the fossil fuels industry want to put a popular tax incentive in the crosshairs.
Reps. Scott Perry (R-Pa.) and Ro Khanna (D-Calif.) announced legislation Monday to repeal the 45Q tax credit, which is calculated based on the amount of carbon dioxide that energy and other polluting companies capture and store.
The legislation comes as Republicans mull the fate of numerous climate-friendly energy incentives from the Democrats’ 2022 Inflation Reduction Act. The 45Q allowances are considered among the least imperiled.
But Perry, who represents south-central Pennsylvania, called 45Q a “wasteful” credit and said it “subsidizes technologies that serve no purpose beyond distorting energy markets.”
