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House Bill Seeks $1B Fund For Carbon Capture Efforts

Law360 (March 24, 2009, 12:00 AM EDT) -- As the U.S. Environmental Protection Agency moves closer to regulating carbon dioxide, a bill introduced in the U.S. House of Representatives on Tuesday aims to promote the development and use of carbon capture and storage technology through a $1 billion a year fund supported by fees on fossil fuel-generated electricity.

The bill — put forth by Rep. Rick Boucher, D-Va., who heads the House's energy and air quality subcommittee — would allow grants from the fund to go to large-scale projects to make CCS technology more...
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