Establishes minimum per acre compensation for nonconsenting landowners within a carbon dioxide storage unit.
Louisiana HB499 amends existing law to establish a minimum per acre compensation for nonconsenting landowners within a carbon dioxide storage unit. The bill retains the requirement for just and equitable compensation for all owners in interest but ensures that nonconsenting owners cannot be paid less than the average compensation per acre paid to all other owners in interest in the storage unit. The court's review of compensation is limited to the specific owner in interest seeking review, and a jury trial may be requested.
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