The bill introduces new regulations for the geologic storage of carbon dioxide in Alabama by establishing a new Division 2 within the Code of Alabama. This division defines "pore space" as the subsurface area suitable for carbon dioxide storage, clarifying that ownership of this space belongs to surface property owners unless stated otherwise. It sets forth the approval process for carbon dioxide storage facilities, which requires consent from a significant majority of pore space owners and takes into account existing mineral rights and safety concerns. Additionally, the bill mandates that any agreements regarding pore space rights must clearly convey or reserve those rights and protects existing rights acquired before October 1, 2024.

Furthermore, the bill creates two funds: the Underground Carbon Dioxide Storage Facility Administrative Fund for regulatory activities and the Underground Carbon Dioxide Storage Facility Trust Fund for long-term monitoring of closed facilities. It outlines the process for issuing a certificate of project closure, which includes public notice and compliance demonstrations. Key provisions also include the transfer of title for carbon dioxide and monitoring equipment to the state upon project closure, the release of the storage operator from regulatory obligations, and the state's assumption of long-term monitoring responsibilities. The Commissioner of Conservation and Natural Resources is authorized to lease pore space on state lands, and the act is set to take effect on October 1, 2024.

Statutes affected:
Introduced: 9-17-160, 9-17-150, 9-17-151, 9-17-152, 9-17-153, 9-17-154, 9-17-155, 9-17-156, 9-17-157
Engrossed: 9-17-160, 9-17-150, 9-17-151, 9-17-152, 9-17-153, 9-17-154, 9-17-155, 9-17-156, 9-17-157
Enrolled: 9-17-160, 9-17-150, 9-17-151, 9-17-152, 9-17-153, 9-17-154, 9-17-155, 9-17-156, 9-17-157