Bill > HR4704

This bill, titled the Advancing CCUS Technology Act, aims to improve oversight of carbon capture, utilization, and sequestration (CCUS) projects funded by the Department of Energy (DOE). CCUS refers to technologies and processes designed to capture carbon dioxide (CO2) emissions, often from industrial sources or power plants, and then either use it for other purposes or store it underground to prevent it from entering the atmosphere. The bill amends the Energy Policy Act of 2005 to explicitly include improving the conversion, use, and storage of CO2 from fossil fuels as a goal and adjusts timelines for certain coal and related technology programs. Crucially, it mandates that the Secretary of Energy annually evaluate every DOE-funded CCUS project, assessing whether it is advancing the technology and making significant progress. Based on these evaluations, the Secretary will make recommendations regarding project funding, whether projects have reached their full potential, and whether they should continue, and will report these findings to Congress and make them publicly available online.