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Committee advances substitute for HP 431 setting fees for carbon dioxide storage and creating a trust fund
Summary
A substitute for HP 431 establishes per‑ton and per‑cubic‑ton fees and multiple filing and monitoring fees for carbon dioxide storage facilities and creates a carbon dioxide storage facility trust fund; the committee reported the bill favorably as amended.
Committee members reviewed a substitute for HP 431 that sets fees and creates a carbon dioxide storage facility trust fund for oversight and long‑term monitoring.
Under the substitute discussed in committee, the fee structure includes a 2‑cent charge per metric ton of carbon dioxide stored plus an additional 4 cents per ton (a total of 6 cents) to be deposited in the carbon dioxide storage facility…
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