AUSTIN – The Carbon Neutral Coalition (CNC) today praised Representative Drew Darby (R-San Angelo) for filing House Bill 1158 which would designate carbon capture ventures as “advanced clean energy projects” making them eligible for funding under the Texas Emissions Reduction Plan (TERP) administered by the Texas Commission on Environmental Quality (TCEQ). Making carbon capture projects eligible for TERP funding can help TCEQ and the state achieve the goal of reduced emissions while also allowing the state to continue its robust energy production.
“As a global energy leader, Texas must continue investing in new technologies such as carbon capture, utilization and storage,” said Representative Drew Darby. “That is why designating carbon capture ventures as ‘advanced clean energy projects’ is vital. As a longtime supporter and advocate of TERP, I am proud to carry HB 1158 which will encourage companies to continue innovating and keep Texas at the forefront of energy production.”
“Texas has a strong energy and manufacturing industry, employing hundreds of thousands of people,” said CNC Chairwoman, Susan Combs. “Carbon capture projects will help maintain and expand these industries and jobs while protecting the environment. Making carbon capture projects explicitly eligible for TERP Grant Programs can help support new carbon capture ventures, and CNC is grateful to Representative Darby for his leadership on this vital issue which will benefit the state both economically and environmentally.”
ABOUT THE CARBON NEUTRAL COALITION
The Carbon Neutral Coalition (CNC) is seeking to establish the infrastructure that will incentivize the energy industry to cut their carbon emissions by utilizing Carbon Capture Utilization and Storage (CCUS). The CNC will work with existing oil and gas and energy stakeholders to advocate that the state create the regulatory framework to establish this infrastructure and ensure the preservation of the energy industry in Texas.