Tipton Pushes to Incentivize Carbon Capture Innovation in Private Sector
WASHINGTON – Congressman Scott Tipton (R-CO) spoke on the House floor in support of the Carbon Capture Act (H.R. 4622) which incentivizes continued private sector innovation and development of carbon capture and storage, leading to continued market-driven progress toward maximizing the safety and efficiency of energy production. Tipton is an original co-sponsor of the bill.
Watch Tipton’s floor remarks HERE
Transcript of Tipton’s remarks as prepared for delivery:
“The United States is blessed with nearly 30% of the world’s coal reserves, more than twice that of the nearest coal reserve country Russia, and three times as much as China.
“Colorado is America’s 10th leading coal producer. In Colorado’s 3rd Congressional District, mines in communities like Craig and Delta provide critical jobs and tax revenue as they responsibly help produce reliable, affordable electricity on which countless Americans rely.
“One thing is certain - the people who work in Colorado’s mines coal-fired power plants take great pride in their communities and the natural environment. They want to develop the land’s abundant resources as responsibly as possible with as small a footprint as possible.
“I do not support the President’s ‘Clean Power Plan’ and have voted to stop this onerous federal overreach multiple times. However, as industry continuously searches for safer and more efficient ways to produce energy, we will need to incentivize the improvement of technology and passing the Carbon Capture Act will help facilitate that.
“Our economic, national, and energy security are all served through ensuring that the ability to use our natural resources to provide abundant affordable energy continues. Thank you Mr. Speaker, and I yield back the balance of my time.