The bill amends various sections of the Revised Code and enacts new sections to create a comprehensive regulatory framework for carbon capture and storage technologies, particularly focusing on the geologic sequestration of carbon dioxide. It introduces key definitions such as "carbon dioxide well" and "carbon sequestration project," and clarifies the roles of stakeholders involved in these activities. The bill grants the division of oil and gas resources management exclusive authority to oversee carbon sequestration projects, establishes a uniform regulatory approach, and mandates the adoption of rules for monitoring and safety measures. It also outlines the process for obtaining a UIC Class VI permit, which is essential for operating carbon dioxide wells, and emphasizes the need for public notification and handling objections from subsurface area owners.

Additionally, the bill establishes a fee structure for carbon dioxide injection, creating a carbon storage facility fund to support post-closure care and maintenance. It clarifies ownership of pore space, stating that it belongs to surface landowners unless otherwise specified, and establishes liability protections for pore space owners against claims related to carbon sequestration activities. The bill also includes provisions for appeals against orders from the division and repeals conflicting sections of the Revised Code to streamline the legal framework for carbon sequestration. Overall, the legislation aims to facilitate responsible carbon sequestration while ensuring environmental protection and addressing public interests.

Statutes affected:
As Reported By House Committee: 1509.33, 1509.99
As Passed By House: 1509.33, 1509.99
As Reported By Senate Committee: 1509.01, 1509.33, 1509.99
As Passed By Senate: 1509.01, 1509.33, 1509.99