Following Representative Ro Khanna’s (D-CA-17) introduction of the End Polluter Welfare for Enhanced Oil Recovery Act, Evergreen Senior Energy Transition Policy Lead Mattea Mrkusic released the following statement:

“As climate disasters grow more frequent and severe, it’s unconscionable that American taxpayers are still subsidizing oil and gas companies to extract even more fossil fuels through so-called ‘Enhanced Oil Recovery.’ We shouldn’t be left footing the bill to help Big Oil boost its profits while burdening the American people with a crisis costing billions every year. By eliminating these wasteful tax giveaways, this bill takes a crucial step toward ending the fossil fuel handouts that drive climate pollution. It’s time to stop propping up the very industries responsible for fueling the climate crisis and instead fully invest in our clean energy future.”

Earlier this year, Evergreen published a memo with recommendations to strengthen the guardrails on the 45Q carbon sequestration tax credit, including urging Congress to remove enhanced oil recovery (EOR) from eligibility and limit the credit to cases where captured carbon isn’t used for additional fossil fuel production. We first called for ending 45Q subsidies for EOR in our original Evergreen Action Plan. You can read more here.

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