H.R. 8108, Fossil Fuel Subsidy Elimination. Quorum's AI analysis reads it as a net benefit — and names who gains.
H.R. 8108 · Net good
What it does
This bill eliminates two federal tax credits for the oil and gas industry: the Enhanced Oil Recovery (EOR) credit under Section 43 of the tax code, and the ability to use captured carbon dioxide as a tertiary injectant (a method to extract more oil) to qualify for the Section 45Q carbon capture tax…
The analysis did not isolate a single beneficiary class.
The trade-off
Elimination of the EOR credit may reduce domestic oil production incentives, potentially increasing U.S. reliance on foreign oil imports in the short term, though long-term climate and energy-transition goals may offset this.
Transparency scores 75%, with a medium warning level and no detached riders.
Who is behind it
Filed by Ro Khanna. Cosponsored by Dan Goldman, Delia Ramirez, Eleanor Norton and Jan Schakowsky.
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