Sec. 131. Facilities for carbon dioxide transportation and sequestration
475 words·~2 min read·
/bill/117/hr/4153/ih/section-131A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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: The Secretary shall carry out a program to— identify geological formations that are capable of sequestering, cumulatively, at least 250,000,000 tons of carbon dioxide with a target cost of less than $10 per ton; assess the cost of developing and operating carbon dioxide sequestration facilities at the geological formations identified under paragraph (1); and support the development of such carbon dioxide sequestration facilities by providing grants or other appropriate financial assistance to carbon dioxide sequestration facility developers to— secure property rights that are necessary to enable carbon dioxide sequestration in such geologic formations; and obtain necessary permits and approval to enable carbon dioxide sequestration 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 costs in each of the regions covered by the regional carbon sequestration partnerships established by the Secretary. An entity seeking a grant or other appropriate financial assistance provided under subsection (a)(3) 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 Secretary shall carry out a program to provide grants to support— the development of carbon dioxide pipeline infrastructure that is necessary to support the transportation of the volumes of carbon dioxide that are expected to be captured at electricity generation facilities to appropriate sites for long term sequestration; and the development of geologic sequestration facilities that are necessary to support long-term sequestration of the volumes of carbon dioxide that are expected to be captured at electricity generation facilities. Applications for a grant provided under this section shall be submitted at such time and in such manner as the Secretary may require. The Secretary shall prioritize providing grants under subsection (a)(1) to support pipeline infrastructure that is of significant length and significant throughput capacity. The Secretary shall consider the grants provided under subsection
(a)to be subject to the cost share requirement for demonstration and commercial application activities under section 988(c). There are authorized to be appropriated to the Secretary to carry out this section and section 419 $2,000,000,000 for each of fiscal years 2022 through 2031. . 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. Sec. 420. Carbon dioxide sequestration infrastructure development. .
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 131
Facilities for carbon dioxide transportation and sequestration
Cites 1Cited by 0 across 0 sources