Energy Sector Innovation Credit Act & Chevron's troubled carbon capture & storage scheme

Guest panelist Peter Minor, Director of Science and Innovation at Carbon180, joins us in this episode of Carbon Removal Newsroom to weigh in on the Energy Sector Innovation Credit Act (ESIC), and panelist Dr. Holly Jean Buck of the University at Buffalo returns to discuss the latest carbon removal news with host Radhika Moolgavkar of Nori. Plus, stay calm during the unexpected tornado warning on Holly’s side near the end of the episode— a coincidental and eerie emphasis of what the daily workday might look like in the era of climate change…  (Holly is safe, not to worry!) Also covered in this episode: CarbonCure, a company that is reducing emissions in concrete manufacturing, announced it was carbon neutral in 2020 through carbon removal purchases from Running Tide, greenSand, Charm industrials, and Husk (P.S: To learn more about CarbonCure, check out an episode of Reversing Climate Change we did with Rob Niven of CarbonCure!). Black & Veatch, a global engineering company, was awarded $2.5 million in federal funding to advance direct air capture technology. The U.S. Department of Energy announced intent to fund direct air capture front-end engineering design (FEED) studies, showing the Biden administration’s commitment to carbon removal. Chevron failed to hit the target with their troubled carbon capture and storage (CCS) scheme at their Gorgon liquefied natural gas (LNG) export project in Australia. The Energy Sector Innovation Credit (ESIC) Act of 2021 was introduced by Senate and House leadership on both sides of the aisle. This bill aims to create investment and production tax credits for technologies across the clean energy portfolio, including direct air capture. Listen until the end to hear the panelists describe their favorite type of carbon removal! Thanks for listening, and we'll see you next time!