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House passes bill creating enterprise for carbon sequestration stewardship and updating geothermal permitting; members debate liability and cost
Summary
House Bill 11-65 establishes an enterprise and board to provide long-term stewardship for carbon sequestration projects and revises geothermal permitting and notice requirements to protect historic hot springs. Sponsors and opponents debated the enterprise’s budgetary structure and fiscal exposure to taxpayers.
The Colorado House adopted House Bill 11-65 after a day-long floor debate that produced several committee amendments and a series of floor amendment votes. The bill has two major parts: creating a state enterprise to provide long-term stewardship for carbon sequestration projects and changing the regulatory framework for geothermal operations and notice protections for historic hot springs.
Sponsor Representative Paschal (co-prime sponsor Representative Soper) described the bill as creating an enterprise and board to “oversee those projects and make sure that there isn't any problems with them ongoing after the project team…
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