A battle is underway in five Midwest states over construction of carbon dioxide (CO2) pipelines as part of the green energy transition. Opposition to wide-area pipeline networks is rising from farms and communities. But utilities and state governments intend to seize land over landowner protests.
On June 25, the Iowa Utilities Board (IUB) granted the petition of Summit Carbon Solutions (Summit) for a permit to build a CO2 pipeline across Iowa. The IUB determined that the pipeline was for “public use,” and granted Summit the right to seize land from Iowa landowners using eminent domain. Eminent domain has typically been used to take private land for government projects that serve a public good, but not for private industry.
Summit plans to build pipelines across Iowa, Minnesota, Nebraska, North Dakota, and South Dakota to transport captured CO2 to deep underground storage sites in North Dakota. The cost of the 2,500-mile project is about $5.5 billion.
Summit seeks billions of dollars from the federal government. If the pipeline network becomes operational, the company will receive up to $85 per metric ton in tax credits under Section 45Q of the Internal Revenue Code. The firm intends to sequester up to 18 million tons of CO2 each year, to annually receive tax credits of over $1.5 billion. Summit claims to have signed agreements with over 2,700 landowners to build the pipeline. […]
– Read More: www.wnd.com
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