Just How Much Money Do CO2 Pipeline Companies Stand to Make From the Inflation Reduction Act?

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Summit Carbon Solutions, whose proposed pipeline in the Midwest would be the largest of its kind globally, could qualify for more than $10 billion in federal tax credits alone.

Developers who hope to build thousands of miles of carbon dioxide pipelines across the Midwest continue to face fierce opposition from landowners and repeated setbacks from state and local regulators. But that hasn’t stopped one company from attempting to expand its project—already the largest proposed pipeline of its kind in the United States.

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