NEORI released recommendations to boost domestic oil production and reduce CO2 emissions through the expanded use of EOR.
2014: On May 5, 2014, NEORI welcomed the introduction of legislation, the Expanding Carbon Capture through Enhanced Oil Recovery Act of 2014 (S. 2288), by Senator Jay Rockefeller of West Virginia adopting key provisions of NEORI’s recommendations to expand and reform the existing Section 45Q Tax Credit for Carbon Dioxide Sequestration.
- Statements of Support
- Coalition Welcomes Bill to Encourage U.S. Oil Production Using CO2
- Q&A on S. 2288
- Detailed summary of S. 2288
2012: NEORI welcomed introduction of a bill (S. 3581) by Sens. Kent Conrad (D-ND), Mike Enzi (R-WY), and Jay Rockefeller (D-WV). This bill aimed to make important modifications to the Section 45Q Tax Credit for Carbon Dioxide Sequestration.
In February 2012, Senator Kent Conrad (D-ND) and Congressman Mike Conaway (R-TX) welcomed NEORI’s recommendations at an event on Capitol Hill. Sens. Max Baucus (D-MT), Kent Conrad (D-ND), John Hoeven (R-ND), Richard Lugar (R-IN), and Congressmen Mike Conaway (R-TX) and Rick Berg (R-ND) released written statements.
Since then, NEORI’s recommendations have been reflected in legislation introduced in 2012 and 2014.