The more sunshine that falls on Carbon Capture and Sequestration plans of Summit Carbon Solutions and Navigator CO2 Ventures the better.
On Sunday, Erin Jordan of the Cedar Rapids Gazette reported something surprising: “Scientists with the Iowa Geological Survey say the state has the underground infrastructure for sequestration here, which would allow Iowa companies to keep more of the federal tax credits for CO2 storage and build fewer miles of new pipelines.”
If CO2 can be stored in Iowa, why build the contentious pipelines from Iowa to North Dakota and Illinois?
“Elizabeth Burns-Thompson, Navigator vice president of government and public affairs, said at a meeting last week Iowa isn’t suited for carbon sequestration,” Jordan wrote. Not so fast say Iowa scientists who produced a study of the matter.
My point in publicizing this article is 1). to thank Jordan for covering an important issue, and 2). what is the rush in building the Summit and Navigator CCS operations?
The climate crisis is an urgent matter now and will escalate in importance during coming years. Before we invest dollars in an unproven, complicated scheme to protect ethanol and fertilizer production in a decarbonized economy, perhaps government should take the lead in determining whether CCS will actually work. In other locations around the world it hasn’t, for example, in Chevron’s operation in Western Australia. Asking the current Iowa government to get involved in examining project viability is contrary to the direction legislators and the governor would take us.
While the federal government budgeted a significant amount of money for CCS, how exactly it will be used is a moving target. Reuters reported “California lawmaker Ro Khanna introduced a bill into the U.S. House of Representatives on Monday that would prevent investors from securing carbon capture and sequestration tax credits if the carbon is used to boost oil production.” Given the propensity of the Congress to support CCS, it seems unlikely Khanna’s bill will see passage. As Reuters reported, “The bill… reflects deep political divisions in Congress over whether and how carbon capture can be used as a tool in the fight against climate change.” Until the Build Back Better Act is passed CCS funding won’t be final. Even then it is subject to modification by the Congress.
As the public and members of news media engage in the Summit and Navigator proposals it should be positive for Iowans. To learn more, check out our updated resource page here. And let the sunshine fall.
These proposed carbon pipelines fit the general Big Ag model, to whit: We Big Aggies Play (with the profits from our unregulated industry), You Others Pay (to prevent or remedy the massive externalized damage we are free to cause). The essay below is an interesting read.