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A BILL TO BE ENTITLED
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AN ACT
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relating to a study conducted by the Railroad Commission of Texas to |
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determine the net reduction in the amount of carbon dioxide in the |
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atmosphere resulting from the use of carbon capture, utilization, |
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and storage technology. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. DEFINITIONS. In this Act: |
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(1) "Carbon capture technology" means technology that |
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captures, stores, and uses high concentrations of carbon dioxide. |
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(2) "Commission" means the Railroad Commission of |
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Texas. |
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SECTION 2. STUDY. (a) The commission shall conduct a study |
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of ongoing carbon capture technology projects to: |
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(1) assess the net reduction in the amount of carbon |
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dioxide in the atmosphere resulting from the use of carbon capture |
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technology; and |
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(2) determine whether each carbon capture technology |
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examined removes more carbon dioxide from the atmosphere than it |
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contributes. |
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(b) In conducting the study under Subsection (a) of this |
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section, the commission shall: |
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(1) establish an accounting framework that includes a |
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project life-cycle analysis to determine the net amount of carbon |
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dioxide sequestered from projects using carbon capture technology; |
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and |
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(2) coordinate with the Bureau of Economic Geology of |
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The University of Texas at Austin, the Texas Commission on |
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Environmental Quality, and other appropriate agencies. |
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(c) For a carbon capture technology project included in the |
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study under Subsection (a) of this section, the study must: |
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(1) establish a method of accurately measuring and |
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reporting the volumes of carbon dioxide captured by the project; |
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(2) accurately identify the amount of carbon dioxide |
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the project removes from the atmosphere; and |
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(3) determine whether the project provides a net |
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reduction of carbon dioxide in the atmosphere over the project's |
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life-cycle based on the amount of carbon dioxide removed and the |
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amount of carbon dioxide emitted by the sequestration activities. |
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(d) To the extent that carbon capture technology projects |
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are used for enhanced oil recovery operations, the study must: |
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(1) account for whether those enhanced oil recovery |
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operations on the whole result in: |
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(A) an increase of the total amount of the oil |
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produced by operations using that technology and by operations not |
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using that technology; or |
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(B) a decrease in the amount of oil produced by |
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operations not using that technology in an amount that equals or |
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exceeds the amount of oil produced by operations using that |
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technology; and |
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(2) account for contributions to the atmosphere of |
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carbon dioxide from the projects. |
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SECTION 3. REPORT. Not later than September 1, 2024, the |
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commission shall prepare and submit a report to the legislature |
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that includes: |
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(1) the methodology used to perform the study; |
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(2) the information already available to the |
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commission and any information needed to provide an accurate |
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accounting of how much carbon dioxide each carbon capture |
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technology project removes from the atmosphere; |
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(3) the information needed to assess different types |
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of carbon capture technology, including direct air capture |
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technology; and |
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(4) a framework that would allow the commission to |
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accurately assess the effectiveness of all ongoing carbon capture |
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technology projects and the likely effectiveness of carbon capture |
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technology projects to be considered in the future. |
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SECTION 4. EXPIRATION. This Act expires September 1, 2025. |
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SECTION 5. EFFECTIVE DATE. This Act takes effect September |
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1, 2023. |