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Oil and gas regulator, ethanol industry warn against repeal of Nebraska CO2 geologic storage statute in budget bill
Summary
The director of the Nebraska Oil and Gas Conservation Commission and renewable fuels stakeholders told the Appropriations Committee that language in LB 264 would repeal the state’s 2021 geologic CO2 storage statute and remove a $75,000 appropriation, undermining work already paid for by industry and landowners.
Stan Belleiu, director of the Nebraska Oil and Gas Conservation Commission, told the Appropriations Committee that section 136 of LB 264 removes a $75,000 General Fund line for the agency’s geologic storage of carbon dioxide program and also repeals the underlying statutes enacted as LB650 in 2021.
Belleiu said the 2021 Geologic Storage of CO2 Act created a predictable regulatory framework and that industry has already invested millions of dollars in site characterization and test wells. He described landowner engagement in western Nebraska — where Belleiu said a landowner association had contracted with a company (Tallgrass…
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