On September 26, 2024, Taxpayers for Common Sense Action sent a joint letter with Evergreen Action urging Congress to remove enhanced oil recovery (EOR) as a qualified end use under Section 45Q, the Cabon Oxide Sequestration Credit. Eliminating subsidies for enhanced oil recovery is not just fiscally responsible—it is essential for moving toward a cleaner energy future.
Letter
Letter in Support of New Bill to Repeal EOR for 45Q Tax Credit
TCSA & Evergreen Action Call to End Costly Subsidy for Oil and Gas Industry
On September 26, 2024, Taxpayers for Common Sense Action sent a joint letter with Evergreen Action urging Congress to remove enhanced oil recovery (EOR) as a qualified end use under Section 45Q, the Cabon Oxide Sequestration Credit. Eliminating subsidies for enhanced oil recovery is not just fiscally responsible—it is essential for moving toward a cleaner energy future.
Download the letter here or read it below.
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