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Committee advances cleanup for carbon sequestration permitting, moves fees to general fund
Summary
Senate Bill 457 clarifies permitting and financial assurance requirements for carbon dioxide sequestration projects, removes duplicative permit steps, requires applicants to show financial/technical capacity, transitions some fees to the general fund for transparency, and was advanced after committee discussion.
Senate Bill 457, described by the sponsor as technical cleanup to earlier carbon dioxide sequestration legislation, seeks to simplify permitting, adjust fee structures to metric tons, and require applicants to demonstrate financial, managerial and technical capacity before building CO2 transmission pipelines and…
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