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LA HB499
Bill
Status
2/26/2026
Primary Sponsor
Danny McCormick
Click for details
AI Summary
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Nonconsenting landowners in carbon dioxide sequestration units must receive per-acre compensation at least equal to the average per-acre compensation paid to all other owners in the storage unit
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Courts reviewing compensation disputes may request all information necessary to determine just compensation for property owners
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Amends R.S. 30:1104.2(C) and (D) governing unitization orders for geologic carbon dioxide storage operations
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Existing requirements for just and equitable compensation to all owners in interest, including storage operators and consenting owners, are retained
Legislative Description
Provides relative to compensation for pore space owners (OR SEE FISC NOTE GF RV)
ENERGY
Last Action
Read by title, under the rules, referred to the Committee on Natural Resources and Environment.
3/9/2026