ENERGY: Provides relative to the Carbon Dioxide Geologic Storage Trust Fund (OR INCREASE SD RV See Note)
Read by title, under the rules, referred to the Committee on Natural Resources and Environment.
Summary
The bill establishes a Carbon Dioxide Geologic Storage Trust Fund funded by fees on each ton of CO₂ injected at storage facilities. It defines a trust‑fund fee and an excess fee, sets collection thresholds that pause fees after $5 million per facility or $10 million per operator, and directs the money to safety, emergency preparedness, and community protection programs. The measure applies to carbon‑dioxide storage operators and is overseen by the Natural Resources Trust Authority.
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