The National Enhanced Oil Recovery Initiative  (NEORI) is a coalition of industry, state, environmental, and labor leaders convened by the Center for Climate and Energy Solutions (C2ES) and the Great Plains Institute  (GPI). NEORI has released consensus recommendations  to boost domestic oil production and reduce carbon dioxide (CO2) emissions from power plants and industrial facilities through expanded carbon dioxide enhanced oil recovery (CO2-EOR).
In CO2-EOR, oil producers inject CO2 into existing wells to draw more oil to the surface, a process which leads to the permanent underground storage of CO2 over time. CO2-EOR sustains production in otherwise declining oil fields and currently accounts for over 300,000 barrels per day (around 4 percent of U.S. oil production). Due to constraints on natual supplies of CO2, expanding CO2-EOR requires capturing more CO2 from man-made sources using innovative carbon capture technologies.
In 2014, Sen. Jay Rockefeller introduced the Expanding Carbon Capture through Enhanced Oil Recovery Act of 2014 (S. 2288) , a bill that adopts key provisions of NEORI's consens recommndations to expand and reform the existing Section 45Q Tax Credit for Carbon Sequestration. An expanded 45Q program will incentivize the development of numerous carbon capture projects, while generating net federal revenue to cover the cost of new incentives within the first 10 years. NEORI estimates that the new 45Q credits allocated would generate more than 8 billion barrels of oil, while storing 4 billion tonnes of CO2 underground over 40 years.
Patrick Falwell discusses the NEORI recommendations  with the Global CCS Institute.
NEORI Recommendations Adopted by Sens. Conrad, Enzi, and Rockefeller in 2012 Legislation (S. 3581)