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Committee advances bill to create state forest-carbon registry after amendments to penalties and deadlines
Summary
A committee substitute for Senate Bill 730 creating a West Virginia forest carbon registry was amended in committee to lower penalties, change filing timelines and shift initial filing responsibility to purchasers; the amended substitute was reported to the full Senate and referred to finance.
A committee substitute for Senate Bill 730 that would establish a forest carbon registry in West Virginia was agreed to in amended form and reported to the full Senate with a recommendation that it pass; the motion included a double reference and the bill will be referred to the Committee on Finance.
The substitute would require a record for properties encumbered by carbon-offset agreements or projects to include a GIS shapefile delineating boundaries, names and contact information for landowners and purchasers, and the date of execution or project initiation. The Division of Forestry would be authorized to adopt rules and set reasonable fees to administer the registry. The substitute originally…
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