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Lawmakers float $10M 'stimulus' for enhanced oil recovery in Wyoming

The stimulus is intended to 'equalize' a federal tax incentive that rewards permanent CO2 storage over carbon dioxide used to produce oil

A measure that would provide a $10 million "stimulus" to encourage more carbon capture for use in the oil industry will advance to the upcoming legislative session following a special hearing this week by the Joint Minerals, Business and Economic Development Committee. The stimulus, according to committee members, aims to enhance a federal tax credit program that they say favors direct storage of the greenhouse gas over pumping it into oilfields to produce hard-to-get reserves.

"The intent of this bill is simply to level that playing field so that that [oil] producer is in the same position fi...