U.S. funding for CO2 storage projects awarded by the DOE 2016

This statistic displays the value of funding that was awarded by the U.S. Department of Energy (DOE) for 16 carbon storage projects as of November 2016. This plan is part of the DOE's Carbon Assurance Facility Enterprise (CarbonSAFE) initiative, which aims to mitigate carbon dioxide emissions from the burning of fossil fuels. Ten recipients representing thirteen projects were selected under Phase I for more than 15 million U.S. dollars in federal funding, while three projects were selected under Phase II for more than 29 million U.S. dollars in funding. The University of Texas at Austin was awarded about 1.19 million U.S. dollars for their commercial-scale initial characterization of a near-offshore storage complex on the Gulf of Mexico.