Bloomberg Tax
Feb. 11, 2020, 9:38 PM

Carbon-Capture Projects Face Uncertain Future Amid IRS Delays

Allyson Versprille
Allyson Versprille

Keith Tracy, a project developer and consultant, has half a dozen carbon capture projects in the works.

But all of them are experiencing some level of delay due to a lack of IRS guidance that would give investors much-needed clarity. Potential backers are ready to pull the trigger on more than $500 million of financing but won’t do so until the agency acts, he said.

The largest and most expensive projects are suffering most.

“The bigger the project and the more money involved, the more clarity and certainty that you want,” said Tracy, president of Cornerpost CO2 LLC and ...

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