The bill establishes a comprehensive regulatory framework for carbon capture and storage technologies in Ohio, specifically focusing on the geologic sequestration of carbon dioxide. It introduces key definitions such as "carbon dioxide well" and "carbon sequestration project," while clarifying the role of "owner" in relation to carbon dioxide wells. The legislation empowers the division of oil and gas resources management with exclusive authority to oversee carbon sequestration activities, including the issuance of UIC Class VI permits, and mandates the delineation of carbon dioxide plumes and geological seals in approved permits. Additionally, it outlines the process for obtaining permits, including public notification and objection procedures, and establishes financial requirements for storage operators, such as liability insurance.

The bill also creates a carbon capture administrative fund, funded by a fee on carbon dioxide injections, to support host communities where storage facilities are located. It clarifies ownership and liability related to pore space, stating that ownership is vested in the surface owner unless otherwise specified, and limits liability for property interest owners concerning carbon dioxide injection. Furthermore, the bill proposes the repeal of existing sections of the Revised Code to streamline the legal framework. Overall, the legislation aims to enhance environmental protection and public safety while facilitating carbon capture initiatives and addressing community needs.

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
As Enrolled: 1509.01, 1509.33, 1509.99