4 ms·
The carbon pipeline companies did this to themselves. They turned the landowners against them with the survey methods they used. They ripped up crops and had l
by pragmatic 3y ago
The carbon pipeline companies did this to themselves.
They turned the landowners against them with the survey methods they used. They ripped up crops and had law enforcement come in to prevent landowners from interfering.
Some of those owners are right wing nut jobs so the situation escalated quickly.
In the end public pressure killed these deals.
The money comes from federal tax credits, it’s not profitable to pump carbon that far on its own.
It would be better overall if we just shut down ethanol but that’s how you buy the votes of every Midwest congress person.
- theptip 3y agoSounds like the prospect of eminent domain seizures was also a contributing factor: https://www.reuters.com/business/environment/us-carbon-pipeline-proposals-trigger-backlash-over-potential-land-seizures-2022-02-07/ https://www.reuters.com/business/environment/us-carbon-pipel...