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IRS Is Asked For Info On Carbon Credits For Oil Extraction

By Adam Lidgett (August 9, 2016, 8:14 PM EDT) -- A coalition of environmental and taxpayer groups on Tuesday announced it has asked the Internal Revenue Service for records on the 45Q tax credit for carbon capture and long-term storage, looking to see how many credits have been given out for oil extraction since the provision was enacted in 2008 in the wake of the financial crisis....

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