Bill
Bill > SB269
OK SB269
Carbon sequestration; modifying jurisdiction over certain injection wells; establishing provisions for establishment of certain CO2 sequestration facilities and storage units. Effective date.
summary
Introduced
02/03/2025
02/03/2025
In Committee
04/16/2025
04/16/2025
Crossed Over
03/18/2025
03/18/2025
Passed
05/14/2025
05/14/2025
Dead
Signed/Enacted/Adopted
05/20/2025
05/20/2025
Introduced Session
2025 Regular Session
Bill Summary
An Act ENROLLED SENATE BILL NO. 269 By: Rader of the Senate and Luttrell of the House An Act relating to carbon sequestration; amending 17 O.S. 2021, Section 52, which relates to Corporation Commission jurisdiction; modifying jurisdiction of Commission; updating statutory language; amending 27A O.S. 2021, Section 1-3-101, as last amended by Section 2, Chapter 164, O.S.L. 2023 (27A O.S. Supp. 2024, Section 1-3-101), which relates to responsibilities and jurisdiction of state environmental agencies; modifying duties of certain agencies; amending 27A O.S. 2021, Sections 3-5-101, 3-5-102, 3-5-103, 3-5-104, as amended by Section 1, Chapter 353, O.S.L. 2023, 3-5-105, and 3-5-106 (27A O.S. Supp. 2024, Section 3-5-104), which relate to the Oklahoma Carbon Capture and Geologic Sequestration Act; modifying legislative intent; modifying definitions; defining terms; modifying Corporation Commission jurisdiction over CO2 injection wells; allowing Commission to enter into memorandums of understanding; modifying notice requirements; updating statutory language; providing Corporation Commission with jurisdiction over certain CO2 sequestration facilities and storage units; establishing provisions for creation of certain facilities; requiring inclusion of certain ownership percentage for inclusion in CO2 storage unit; requiring notice to be served on certain persons and through certain newspapers of general circulation; requiring certain determination prior to creation of CO2 storage unit; providing for rights of certain owners; prescribing contents of certain Commission orders; providing process for reduction or enlargement of certain CO2 storage unit; requiring notice of application for reduction or enlargement; directing rule promulgation; providing for appeals of Corporation Commission orders to be made to the Supreme Court; establishing process for issuance of certificate of completion of injection operations; providing for release from certain obligations under certain circumstances; authorizing fees to be levied by the Commission; providing total fee assessment amount; creating the Class VI Carbon Sequestration Storage Facility Revolving Fund; stating source of funds; establishing fund purpose; providing for cessation of fee assessments for certain CO2 sequestration facilities under certain circumstances; providing permitted uses for fund expenditure; requiring reporting; amending 52 O.S. 2021, Section 139, which relates to Corporation Commission jurisdiction; modifying jurisdiction over certain injection wells; updating statutory language; updating statutory references; providing for codification; and providing an effective date. SUBJECT: Carbon sequestration
AI Summary
This bill modifies Oklahoma's laws regarding carbon sequestration, primarily by expanding the Corporation Commission's jurisdiction over carbon dioxide (CO2) injection wells and storage facilities. The bill establishes a comprehensive framework for creating and managing CO2 storage units, including detailed provisions for ownership, operation, and regulatory oversight. Key provisions include requiring the Corporation Commission to create a CO2 storage unit when at least 63% of landowners in a designated area agree, establishing notice and hearing requirements for creating such units, and defining the rights of landowners. The bill creates a new Class VI Carbon Sequestration Storage Facility Revolving Fund to support long-term monitoring and maintenance of CO2 sequestration sites, with fees collected from facility operators. After at least 50 years of operation, the Commission can issue a certificate of completion that transfers ownership of the CO2 storage facility to the state and releases operators from future liability, subject to certain exceptions. The legislation aims to provide a clear regulatory pathway for carbon sequestration projects, balancing the interests of facility operators, landowners, and the state's environmental and economic goals.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (2)
Last Action
Approved by Governor 05/20/2025 (on 05/20/2025)
Official Document
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