Bill > HB1165

This bill creates a comprehensive framework for managing underground energy resources in Colorado, with a focus on carbon capture and storage (CCS) and geothermal energy development. The bill establishes a Geologic Storage Stewardship Enterprise within the Department of Natural Resources to provide long-term monitoring and management of carbon dioxide storage sites, funded by fees paid by geologic storage operators. The enterprise will help Colorado meet its greenhouse gas emission reduction goals by ensuring the safe and stable underground storage of carbon dioxide after facilities are closed. Additionally, the bill expands and clarifies regulations for geothermal resource development, including creating new licensing requirements for ground heat exchanger contractors, establishing procedures for protecting existing geothermal operations, and streamlining permitting processes. The legislation aims to support Colorado's transition to a low-carbon economy by providing a structured approach to managing emerging energy technologies, protecting public health and environmental resources, and creating economic opportunities in clean energy sectors.