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Iowa passes bill limiting carbon-capture pipeline use, raising concerns over economic impact.
Iowa lawmakers have passed a bill that could hinder the Summit Carbon Solutions' $8.9 billion carbon-capture pipeline project spanning five Midwestern states.
The legislation, which now heads to Governor Kim Reynolds, limits carbon pipeline use to 25 years, prohibits permit renewals, and requires increased insurance coverage, making the project less financially feasible.
The bill also reforms how eminent domain is used for pipeline construction, requiring projects to serve the public's interest and mandating insurance coverage for property damage and increased premiums for landowners.
Critics argue the bill could threaten economic growth, while supporters see it as a protection of private property rights.
Iowa aprueba un proyecto de ley que limita el uso de tuberías de captura de carbono, aumentando las preocupaciones sobre el impacto económico.