The National Enhanced Oil Recovery Initiative (NEORI) brings together coal, oil and gas, electric power, ethanol, chemical and energy technology companies; labor unions; and national environmental and energy policy organizations. Its goal is to make carbon capture, use and storage (CCUS) a widely available, cost-effective, and rapidly scalable solution to reduce carbon emissions to meet mid-century climate goals.
The coalition, launched in 2011, has built bipartisan support at the state and federal level for pragmatic policies to accelerate CCUS and boost U.S. energy infrastructure development, create jobs, and cut carbon emissions from both the power and industrial sectors.
NEORI has developed consensus recommendations for extending the existing federal carbon capture and storage incentive (Section 45Q tax credit). The credit goes to companies that are capturing and storing carbon dioxide from power plants and industrial facilities through carbon dioxide enhanced oil recovery (CO2-EOR). This entails injecting captured CO2 into declining oil wells to increase their productivity and permanently storing the CO2 underground. Recent analysis demonstrates the climate benefits of CO2-EOR.
Bipartisan proposals supported by the coalition include the 2017 Furthering carbon capture, Utilization, Technology, Underground storage, and Reduced Emissions (FUTURE) Act , which would also open up the use of the Section 45Q tax credit for uses other than CO2-EOR and for Direct Air Capture of CO2 from the atmosphere.
NEORI is co-convened by the Center for Climate and Energy Solutions (C2ES) and the Great Plains Institute (GPI).
See a list of NEORI Participants.