CO HB1346

Expands the Energy and Carbon Management Commission's regulatory authority to include permitting and regulation of permanent geologic storage operations (injection and sequestration of carbon dioxide) using Class VI injection wells.

Establishes that geologic storage operations must prioritize contributions to state greenhouse gas emission reduction goals, environmental benefits, worker support and retraining for fossil fuel industry workers, protection of disproportionately impacted communities, and responsible use of Colorado's natural resources.

Creates new definitions and regulatory framework for geologic storage resources, facilities, locations, and operations, including requirements for cumulative impacts analysis, financial assurance, and surface owner consent for geologic storage operators.

Allows geologic storage unit formation when 75% of geologic storage resource owners approve, with provisions protecting correlative rights and prohibiting eminent domain for carbon dioxide storage operations.

Authorizes the Commission to assess fees from geologic storage operators, hire administrative law judges, extend statute of limitations for violations to three years, and requires coordination with the Department of Public Health and Environment on carbon dioxide accounting and air emissions from geologic storage operations.