U.S. Representative Rick Boucher (D-VA) is preparing to reintroduce legislation calling for the development and deployment of carbon capture and storage technology. The "Carbon Capture and Storage Early Deployment Act," originally introduced last summer, did not make it out of committee before the end of the legislative session. Attempts by bill co-sponsor Rep. Fred Upton (R-MI) to have the bill attached to the House stimulus package were unsuccessful.
The proposed legislation, designed to "accelerate the development and early deployment of systems for the capture and storage of carbon dioxide emissions from fossil fuel electric generation facilities," would provide approximately $1 billion per year in grants and contracts for the development and commercialization of CCS technology over the next 10 years. Funding would be generated by a tax on fossil-fuel-based electricity delivered to retail customers.