HB671

Louisiana HB671 prohibits private companies from requesting expropriation for carbon dioxide storage.

Louisiana HB671 amends existing law to prohibit private companies from requesting or exercising expropriation for geologic storage of carbon dioxide. The bill requires the Department of Conservation and Energy to appoint an acquisition agent to manage and facilitate the expropriation process for any entity utilizing expropriation for carbon dioxide storage. The acquisition agent can be a department employee or a contracted private entity, but must not have a financial interest in the outcome of negotiations or proceedings.