Hart Energy covered the recent Wood Mackenzie conference addressing funding of carbon capture, utilization and storage projects, where Bracewell’s Elizabeth McGinley discussed qualifying for 45Q tax credits.
“The guidance on 45Q is far more robust than it is for all of the other IRA [Inflation Reduction Act] credits, because remember, it wasn’t created by the IRA; it was created back in 2008, enhanced in 2018. So, it’s been around for a while. … There’s administrative guidance on it, but it doesn’t answer every question,” McGinley said.
