Establishes a carbon sequestration pilot project fee program and specifies conditions for eminent domain proceedings related to carbon sequestration.

The bill amends Indiana Code to establish a carbon sequestration pilot project fee program, where operators must pay a fee based on the estimated amount of carbon dioxide to be injected into underground strata. It also outlines conditions for eminent domain proceedings related to carbon sequestration, including the need for consent from property owners and the consideration of perceived risks of hazardous conditions. The bill specifies that a transfer of ownership in a carbon sequestration pilot project does not relieve a prior operator from liability for negligence or misconduct.

Establishes a carbon sequestration pilot project fee program and specifies conditions for eminent domain proceedings related to carbon sequestration.

The bill amends Indiana Code to establish a carbon sequestration pilot project fee program, where operators must pay a fee based on the estimated amount of carbon dioxide to be injected into underground strata. It also outlines conditions for eminent domain proceedings related to carbon sequestration, including the need for consent from property owners and the consideration of perceived risks of hazardous conditions. The bill specifies that a transfer of ownership in a carbon sequestration pilot project does not relieve a prior operator from liability for negligence or misconduct.