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Carbon pipeline developer poised for billions in tax benefits

By Andy Balaskovitz

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PIPELINES: Summit Carbon Solutions’ proposed multi-state carbon pipeline could qualify for up to $18 billion in federal tax credits over 12 years if the project is built and operates at full capacity. (Inside Climate News)

ALSO:

ELECTRIC VEHICLES: Kansas economic development officials say state lawmakers should create more tax incentives to help lure large electric vehicle projects to the state. (Kansas Reflector)

SOLAR: A lack of supportive policy is holding Wisconsin back from developing community solar projects that benefit low-income ratepayers, advocates say. (Capital Times)

GRID:

BATTERIES: A developer submits construction plans for a nearly $2.4 billion battery manufacturing plant in central Michigan. (Bridge)

EFFICIENCY: An Illinois program will provide $500,000 in grants to local organizations that make energy efficiency investments in environmental justice communities. (Southerner)

CLEAN ENERGY: A federal program will provide $366 million in grants to support a dozen clean energy projects in tribal communities across the U.S. (Chicago Tribune, subscription)

UTILITIES: A northern Minnesota foundry in part blames rising electricity prices for its decision to close and lay off 91 workers. (Star Tribune)

COMMENTARY:

  • The head of an Iowa utility trade group says integrated resource planning could harm reliability and raise costs and shouldn’t be required of utility companies. (Des Moines Register)
  • A retired public health researcher says large, multi-state carbon pipelines would prolong a system of industrial agriculture that provides little benefits to independent farmers. (Des Moines Register)

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