IA SF249

Creates a new cause of action allowing victims within a 25-mile radius of a carbon dioxide release from a liquefied CO2 pipeline or facility to sue for compensation for damages incurred or projected to incur

Defines "owner" broadly to include any person who owns, operates, or supplies carbon dioxide to a liquefied CO2 pipeline or carbon dioxide facility

Imposes strict liability on owners for all compensatory and punitive damages resulting from CO2 releases, with no requirement to prove negligence

Establishes that judgment liens from these actions take priority over all other security interests or liens, including those perfected before the judgment

Requires owners in bankruptcy or receivership to hold assets in trust for one year for potential victim judgment lienholders; claims must be filed within one year of the incident

Takes effect immediately upon enactment