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The new subsidy, modeled broadly on ones for renewable energy, gave developers a credit topping out at $50 for every ton of waste carbon dioxide they captured and geologically stored.

The business model envisions that polluters will collect the carbon—and the tax credit—and then pay Bayou Bend a transport-and-disposal fee that Tiller says is likely to be $20 to $25 per ton.

“We’re talking about a whole area the size of Texas that you can develop for storage,”

The idea is that major emitters will hoover up their own carbon waste, then pay to have it compressed into liquid and injected back down, safely and permanently, into the same sorts of rocks it came from