Establish process to regulate carbon capture, storage technology
What changed between versions
Added extensive new definitions for terms like 'carbon dioxide well,' 'carbon sequestration project,' 'storage operator,' and 'pore space' to create a legal framework for CCS activities.
Established a new permitting process requiring a UIC Class VI permit for carbon sequestration projects, with specific rules for seismic monitoring, insurance, and financial assurance.
Created two new funds: a 'carbon capture administrative fund' for regulatory costs and a 'carbon storage host community fund' to provide infrastructure and public safety support to counties hosting storage facilities.
Introduced a 'statutory consolidation' process allowing a project to proceed if the applicant obtains consent from at least 70% of pore space owners after attempting to negotiate with all owners.
Set civil penalties for violations of new CCS regulations and established an appeals process to the Oil and Gas Commission for disputes over permits or orders.
Defined liability limits, stating that pore space owners are not liable for CCS activities and that claims for damages are limited to direct physical injury beyond the storage facility boundaries.