Carbon removal industry calls on U.S. government for regulation in new industry report

[rangerrebew]

Carbon removal industry calls on U.S. government for regulation in new industry report
Story by ISABELLA O'MALLEY • 1d

 
The unregulated carbon dioxide removal industry is calling on the U.S. government to implement standards and regulations to boost transparency and confidence in the sector that's been flooded with billions of dollars in federal funding and private investment.

A report Wednesday by the Carbon Removal Alliance, a nonprofit representing the industry, outlined recommendations to improve monitoring, reporting, and verification. Currently the only regulations in the U.S. are related to safety of these projects. Some of the biggest industry players, including Heirloom and Climeworks, are alliance members.
 
“I think it’s rare for an industry to call for regulation of itself and I think that is a signal of why this is so important,” said Giana Amador, executive director of the alliance. Amador said monitoring, reporting and verification are like “climate receipts” that confirm the amount of carbon removed as well as how long it can actually be stored underground.

https://www.msn.com/en-us/money/companies/carbon-removal-industry-calls-on-u-s-government-for-regulation-in-new-industry-report/ar-AA1sLVln?ocid=msedgdhp&pc=HCTS&cvid=e5d69a1cd17f464faa5eb730beffb216&ei=117

[rangerrebew]

I have a better idea.  Tell the companies if their "carbon removal" programs don't work, the top officers will be charged with fraud against the American people and, if convicted, face 20 years in prison.  People will either get out of the business or make damn sure their programs work to some degree.