Pathway 7.

Carbon Capture and Negative Emissions → Carbon Capture and Sequestration

7.1.13 Reducing Liability for Sequestration Projects

LPDD Recommendation: “Congress can authorize DOI and DOE to own and control several sequestration sites.”

LPDD Recommendation: “Congress could require emitters and storers of CO2 to pay a fee to fund a liability program in exchange for certain limits on their potential liability for damages resulting from sequestration.”

LPDD Recommendation: “EPA could shorten the time frame for which owners and operators of sequestration wells would be liable under the underground injection control program, provided that the scientific support for such relief is demonstrated on a site-specific basis.”

LPDD Recommendation: “Existing insurers can expand their products. More insurers can enter the market.”

6 Resources Found, Displaying 1 thru 6

Wyoming special revenue account for CCS maintenance

Jurisdiction: State Legislatures

Wyoming has established an industry-funded trust fund for measurement, monitoring, and verification of CCS injection sites after site closure.

North Dakota liability release regulation

Jurisdiction: State Legislatures

North Dakota has established a trust fund that pays for long-term monitoring and maintenance of transferred carbon dioxide, and stipulated conditions for ownership to pass to the state.

Louisiana CCS liability release regulation

Jurisdiction: State Legislatures

Limits private liability for sequestration of captured carbon dioxide by transferring ownership of sequestered carbon dioxide to the state after 10 years.

Report of the Interagency Task Force on Carbon Capture and Storage

Jurisdiction: Congress, Individual Agencies

Makes several recommendations to enhance the regulatory landscape for CCS, including liability funds, governments ownership, government indemnification, and transfer of liability.

Report, Long Term Liability for Carbon Capture and Storage in Depleted North American Oil and Gas Reservoirs

Jurisdiction: Congress

Recommends a pooling approach to the management of remediation and reclamation funds based largely on economic efficiency.

Report, Advancing Carbon Sequestration Research in an Uncertain Legal and Regulatory Environment

Jurisdiction: Congress

Recommends the federal government adopt policies that provide a legal framework that supports CCS research, specifically a shield from property-related and long-term liabilities.