Senate concurs with House changes and passes bill authorizing DEP carbon-schedule rulemaking
The West Virginia Senate concurred with House amendments and passed the committee substitute for Senate Bill 256, which authorizes the Department of Environmental Protection to promulgate rules requiring carbon-storage operators to submit financial agreements and calculate fair-market payments; the Senate also voted to make the bill effective on passage.
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The West Virginia Senate moved to concur in House amendments to Senate Bill 256 and passed the committee substitute authorizing the Department of Environmental Protection to promulgate legislative rules related to a carbon schedule. Senator from Lewis moved concurrence and summarized the bill’s key requirement that storage operators submit financial agreements reached with consenting surface and forest-based owners and calculate the average amounts paid as determined fair-market value.
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