HR96 Summary

• Supports federal policies to prioritize development and deployment of carbon capture and storage (CCS) and carbon capture, utilization, and storage (CCUS) technologies for power generation.

• Calls for increased research and development funding for transformational technologies such as chemical looping, oxygen-fueled combustion, and alternative power cycles that can reduce carbon emissions at lower cost.

• Notes that over nine years, global renewable energy investments ($1.9 trillion) have vastly exceeded CCS development investments ($20 billion), creating a funding disparity that hinders CCS advancement.

• Urges policymakers to establish long-term policies supporting CO2 utilization in enhanced oil recovery, chemical manufacturing, and other industrial applications to stimulate private sector development.

• Directs copies of the resolution be sent to Alabama's Congressional Delegation, the U.S. Department of Energy, the President, the Governor, and state economic development officials.