Zoë Schlanger writes:

The Trump administration is fully engaged in a drive to eliminate virtually any government activity or mention related to climate change—with a few notable exceptions. Take, for example, a single tax credit in Joe Biden’s signature climate law that may have the best chance of survival out of any climate-coded policy.

A provision in the Inflation Reduction Act, known as 45Q, enlarged a tax credit for any company willing to capture carbon dioxide. A version of this credit has been in place since George W. Bush’s presidency, and in its current iteration, it represents billions of dollars in federal incentives. If the Trump administration moves to keep 45Q intact, that choice would be an unusual vote of confidence from the president for a large government expenditure billed as a way to fight climate change. (The White House did not respond to a request for comment.)

The politics of this tax credit are unusual in the climate world too. Both the oil industry and some climate-minded Democrats in Congress want to keep it. Among its opponents are environmental groups, as well as avid Donald Trump supporters in South Dakota and other states where carbon-capture infrastructure would be built.

Only in recent years has carbon-capture technology made a name for itself as a climate solution. But it was—and remains—primarily a way to produce more oil. The version meant to help mitigate climate change, by storing carbon in the ground virtually forever, might have made sense when instituted alongside many other climate policies. But as a stand-alone measure, carbon capture starts looking more like a handout to the oil industry. [Continue reading…]