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Code · BILL · 116th Congress · H.R. 9054 (Introduced in House) — To advance clean power technology development and use through innovation and clean energy standards, and for other pu... · Sec. 141

Sec. 141. Securing geologic reservoirs for carbon dioxide

292 words·~1 min read·/bill/116/hr/9054/ih/section-141·

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Subtitle B of title IV of the Energy Policy Act of 2005 ( 42 U.S.C. 15971 et seq.) is further amended by adding after section 418 (as added by this Act) the following new section: The Secretary shall establish a program to— identify geological formations that are capable of storing, cumulatively, at least 250,000,000 tons of carbon dioxide with a target storage cost of less than $10 per ton; assess the cost of developing and operating a carbon dioxide sequestration facility at the geological formations identified under paragraph (1); and support the development of such carbon dioxide sequestration facility by providing grants or other appropriate financial assistance to storage facility developers to— secure property rights that are necessary to enable carbon dioxide storage in such geologic formations; and obtain necessary permits and approval to enable carbon dioxide storage in such geologic formations.
The Secretary shall carry out subsection
(a)with the goal of supporting development of carbon dioxide sequestration facilities that are capable of storing significant volumes of carbon dioxide at reasonable cost in each of the regions covered by the regional carbon sequestration partnerships established pursuant to section 963. An entity seeking a grant or other appropriate financial assistance provided under this section shall submit to the Secretary an application at such time and in such manner as the Secretary may require. The Secretary shall consider the activities described under subsection (a)(3) to be subject to the cost share requirement for demonstration and commercial application activities under section 988(c). . The table of contents for the Energy Policy Act of 2005 is further amended by adding after the item relating to section 418 (as added by this Act) the following: Sec. 419. Securing geologic reservoirs for storage of carbon dioxide. .
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Sec. 141
Securing geologic reservoirs for carbon dioxide
U.S.C.§ 15971
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