ENERGY: Repeals liability limits related to carbon dioxide sequestration and transmission (OR SEE FISC NOTE SG RV)

HB 507 repeals Louisiana's existing civil liability caps for carbon dioxide storage facilities and transmission pipelines. It removes limits on damages that could be claimed in lawsuits against owners or operators of these facilities. This change directly affects companies handling CO2 for storage or transport, as they would no longer benefit from pre-set damage caps in court cases. The bill makes no new policy provisions but alters the legal liability framework for these specific energy infrastructure operations.