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Southern Company's Kemper Coal Plant Could Get Billions in Tax Credit Bail-Out

By Dan Zegart from Climate Investigations Center

If Donald Trump really wants to get rid of federal corporate welfare, he should be frantically tweeting against a congressional plan that could send billions to the grossly mismanaged Kemper power plant by expanding Tax Credits for injecting carbon dioxide into oil fields.

These so-called “45Q” tax credits would get richer and could even become a permanent part of the federal tax code depending on which of three bills now being considered by Congress becomes law. 

And that could result in the so-called “clean coal” Kemper facility that utility giant Southern Company is building in eastern Mississippi getting between $789 million and $4.5 billion, according to a new report co-authored by Friends of the Earth and Taxpayers for Common Sense — Coal Tax Subsidies: A Boon For Kemper.

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This post first appeared on DeSmogBlog | Clearing The PR Pollution That Clouds, please read the originial post: here

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Southern Company's Kemper Coal Plant Could Get Billions in Tax Credit Bail-Out

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