How federal tax dollars meant to fight climate change could end up boosting Louisiana’s fossil fuel production
(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.)
Ned Randolph, Tulane University
(THE CONVERSATION) Billions of federal tax dollars will soon be pouring into Louisiana to fight climate change, yet the projects they’re supporting may actually boost fossil fuels – the very products warming the planet.
At issue are plans to build dozens of federally subsidized projects to capture and bury carbon dioxide from industries.
On the surface, these projects seem beneficial. Keeping carbon dioxide out of the atmosphere prevents the greenhouse gas from fueling climate change. In practice, however, this may lead to a net increase in fossil fuel production and more emissions.
That’s because many of these carbon capture projects will be handling emissions from facilities that rely on oil and natural gas – in fact, many of the projects are tied to major oil and gas companies through subsidiaries. Under new federal rules, the projects can receive generous tax subsidies. The more carbon dioxide the factories produce and capture, the...