Michigan SB0396 regulates carbon sequestration projects, including permitting, fees, and liability.
Michigan SB0396 amends the Natural Resources and Environmental Protection Act to regulate carbon sequestration projects. The bill establishes a permit process for carbon sequestration projects, including fees and conditions. It creates funds for community benefits, long-term remediation, and first responders. The state assumes liability for carbon sequestration projects upon issuance of a certificate of project completion. The bill also outlines procedures for unitization of carbon sequestration projects and sets forth penalties for violations.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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