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OK SB629
Bill
Status
5/18/2011
Primary Sponsor
Michael Jackson
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AI Summary
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Defines "pore space" as real property belonging to the surface landowner until separately transferred, clarifying that underground storage space ownership is tied to surface rights while preserving existing oil and gas ownership rights
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Eliminates the Carbon Sequestration Advisory Committee and transfers its duties to the Oklahoma Conservation Commission, which may now consult with stakeholder groups and employ in-house attorneys
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Expands the definition of "carbon sequestration practices" to include improved agricultural practices, forestry, underground CO2 injection in producing or abandoned wells, and other methods approved by the Commission
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Authorizes the Oklahoma Conservation Commission to establish fees for the carbon sequestration certification program and issue certificates verifying carbon sequestration associated with approved practices
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Directs the Oklahoma Geological Survey to assess publicly owned lands and minerals for carbon sequestration potential, including identifying suitable underground reservoirs and estimating CO2 storage capacity
Legislative Description
Carbon sequestration; modifying the Carbon Capture and Geological Sequestration Act.
Agriculture
Last Action
Approved by Governor 05/18/2011
5/18/2011