Would have amended the Internal Revenue Code to authorize the issuance of tax-exempt facility bonds for the financing of qualified carbon dioxide capture facilities.
Would correct design flaws in the 26 USC §48A CCS tax incentive program that have made it impossible for companies to access existing incentives to retrofit currently operating coal-fired power plants with carbon capture technology.
Grants authority to adopt federal regulations, prescribing minimum standards for the construction, operation, and maintenance of pipeline facilities transporting natural and other flammable, toxic, or corrosive gas.
Would require owners and operators of pipelines and pipeline facilities to use the best available technology to detect and repair leaking pipelines.
Analyzes the current state and federal regulations with respect to leak detection, repair, and reporting. It recommends changes to those regulations designed to encourage improved leak management.
The California PUC finalized quality standard for biogas, including acceptable concentration levels for 17 constituents of concern in biogas.
Lists recommendations including that states name a lead agency for pipeline siting reviews with the power to set processing schedules and coordinate environmental reviews.
Finds that generation of biogas could be expanded to perhaps 3–5% of the total natural gas market at projected prices of $5–6/MMBtu.
Includes mandatory thresholds for GHG reductions from qualifying biofuels based on life-cycle analysis,
The US Forest Service could use its discretion under this program to subsidize the production of bioenergy feedstocks.