House Bill No. by Representative McCormick establishes a moratorium on carbon dioxide sequestration activities in Louisiana. The bill enacts R.S. 30:1116, which prohibits the geologic storage or sequestration of carbon dioxide, the transportation of carbon dioxide for geologic sequestration, and the issuance of any related permits, certificates, or orders. This moratorium is set to remain in effect until July 1, 2026, allowing time for the study of associated risks to security and private property rights.

Additionally, the bill includes a provision to repeal R.S. 30:1116 in its entirety after the moratorium expires. 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: