Friday, May 22, 2009
Did you know the bailout package included this?
By ALEXANDRA SUKHOMLINOVA, News-Record Writer
(Thank you Alexandra - the link to her story is here )
Published: Sunday, October 12, 2008 12:19 AM MDT
Buried in the $700 billion bailout package passed by Congress last week was a small item of great consequences for Wyoming. So far, few people, even those in the energy industry, know that the Economic Stabilization Act included a tax credit for carbon sequestration and using carbon dioxide in pumping oil and natural gas ” things that could continue to keep Wyoming’s economy strong and deal with the sticky issue of what happens to the byproduct of burning fossil
“It’s a wonderful financial opportunity to people,” said Rep. Tom Lubnau, R-Gillette, who helped draft two bills on carbon sequestration that were passed by the state Legislature earlier this year. “I think it was buried in the legislation and nobody knows except for the industry, but there is lots and lots of interest.”