House Bill No. by Representative McCormick establishes a moratorium on carbon dioxide sequestration activities in Louisiana, including the geologic storage and transportation of carbon dioxide, as well as the issuance of related permits and certificates. This moratorium is intended to allow for the study of potential risks to security and private property rights associated with carbon dioxide sequestration. The moratorium will remain in effect until July 1, 2026, after which it will be repealed.

The bill enacts new legal language under R.S. 30:1116, which outlines the specifics of the moratorium, and simultaneously repeals the existing R.S. 30:1116 in its entirety. The effective date of the moratorium will be upon the governor's signature or, if not signed, upon the expiration of the time for bills to become law without signature. The repeal of the moratorium will take effect on July 1, 2026.

Statutes affected:
HB522 Original: