The Senate finally passed the $700 billion bailout package today after significant modifications were made to the original 3-page proposal submitted by Henry Paulson (the final version is 451 pages long). The bill has large sections devoted to providing tax credits for companies investing in carbon capture and sequestration technologies. A local PDF copy of the bill is available here. I definitely do not consider myself capable of understanding Federal regulatory material and will wait for the experts to analyze the document line by line. But from what I could understand, section 45Q of the document provides a tax credit of US$20 per ton of carbon dioxide that is stored in geological formations and US$10 per ton of carbon dioxide buried for EOR purposes. These figures are to be compared with the IPCC estimates of US$30-71 per ton of CO₂ for pulverized coal plants and US$14-53 per ton of CO₂ for plants using Integrated Gasification Combined Cycle technologies (source: Table TS.10 of the IPCC Special Report on Carbon Capture and Sequestration).