Bank of America has announced a landmark $205 million investment in carbon capture technology through a first-of-its-kind tax credit deal with Harvestone Low Carbon Partners, an ethanol producer in North Dakota. This investment is part of an effort to support the nascent carbon capture sector, which has faced challenges in gaining momentum. Harvestone's ethanol plant captures over 200,000 metric tons of CO2 annually, equivalent to the emissions of approximately 42,000 gas-powered cars. The deal is significant as it follows the 2022 climate law, which enhanced tax credits for carbon capture and storage. This move reflects investor confidence in the viability of carbon capture as a solution for emissions reduction, particularly for industries that struggle to transition to renewable energy. Harvestone plans to implement additional carbon capture systems at its other facilities, potentially benefiting from further investments as the market develops.