Parsing new carbon capture tax credits

The bottom line: In his report, he finds 27 coal-fired and natural gas combined cycle power plants within 10 miles of existing CO2 pipelines, which is important for cost purposes.

• "Of the 27 power plants we examined, it appears the economics might work for at least 22," he writes.
• "In fact, all nine coal plants now operating likely could make a profit by sequestering the CO2, or selling it off for [enhanced oil recovery]," he writes, adding that some plants could make as much as $3.7 billion over the 12-year life of the credit.
• Of the 21 gas plants on the list, he sees profits from using the credit for 12 of them, though only 5 of them would see profits via direct sequestration.