Insight
One year of Trump: for better or worse? The CCUS story
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Trump administration's first year has reshaped the US CCUS landscape. DOE funding cuts, a proposed GHGRP repeal, and the pressure to reduce Class VI permitting delays introduced increased policy uncertainty despite the validation and enhancement of 45Q in the OBBBA. Yet, carbon markets and select sectors are adapting. State compliance programs remain strong, and hyperscalers are driving both voluntary carbon market demand and the outlook for CCUS in power for data centers. What does this mean for near-term project viability, permitting progress and long-term carbon capture and storage outlook in the US? Read the full report for our detailed analysis of shifting incentives and revenue pathways, and where opportunities may still be found.
Table of contents
- Executive summary
- The impact of federal funding cuts on the US CCUS industry
- No boom: why OBBBA's US$85/tonne won't transform US enhanced oil recovery (EOR)
- The GHGRP problem: a 45Q roadblock
- Too little, too late? The Class VI permitting paradox
- US carbon markets reorient rather than retreat under Trump
- CCUS outlook for the US
Tables and charts
This report includes the following images and tables:
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Map of projects with funding cancellationsMitchell cement plant CCS economics with and without government grants
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Comparison of 45Q credit values, IRA vs. OBBBAChanges in estimated final decision timelines (December 2024 vs November 2025)Total contracted offtake volume as of November 2025CCUS-related offtakes witness the highest spendUS carbon capture capacity outlookUS carbon storage capacity outlook
What's included
This report contains:
