Forbes:

U.S. Rep Jeff Bingaman (D-N.M.) and U.S. Rep. Pete Domenici (R-N.M.), leaders of the Senate Energy and Natural Resources Committee, have introduced a bill that would amend the landmark Energy Policy Act of 2005 to provide more funding for research and development on technologies to capture carbon from coal-fired power plants and store it in the earth…

The Bingaman/Domenici measure is significant because their joint sponsorship significantly increases the likelihood of its passage. In addition, the government’s apparent commitment to carbon sequestration projects–combined with the ever-present threat of increased regulation of emissions–could be a signal to industry to hop aboard the carbon capture bandwagon.