Establishes a regulatory framework for carbon dioxide sequestration facilities in Kentucky.

The bill creates a legal and regulatory framework for the development and approval of underground carbon dioxide sequestration facilities in Kentucky. It designates the Energy and Environment Cabinet as the responsible agency for establishing standards and promulgating regulations. The bill outlines requirements for permit applications, including site characterization, operation of injection wells, and financial responsibility. It also establishes two funds: the carbon dioxide sequestration facility administrative fund and the carbon dioxide sequestration facility trust fund.

Establishes a regulatory framework for carbon dioxide sequestration facilities in Kentucky.

The bill creates a legal and regulatory framework for the development and approval of underground carbon dioxide sequestration facilities in Kentucky. It designates the Energy and Environment Cabinet as the responsible agency for establishing standards and promulgating regulations. The bill outlines requirements for permit applications, including site characterization, operation of injection wells, and financial responsibility. It also establishes two funds: the carbon dioxide sequestration facility administrative fund and the carbon dioxide sequestration facility trust fund.