US SB1502 | 2009-2010 | 111th Congress

US Congress Senate Bill 1502 (Prior Session Legislation)

Status

Sponsorship: Bipartisan Bill
Status: Introduced on July 22 2009 - 25% progression, died in chamber
Action: 2009-07-22 - Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S7889-7890)
Text: Latest bill text (Introduced) [PDF]

Summary

Carbon Storage Stewardship Trust Fund Act of 2009 - Makes the Secretary of Energy responsible for the long-term stewardship of a carbon dioxide storage facility upon the issuance of a certificate of closure for the facility. Authorizes a state to request that the stewardship of a facility located in the state be transferred to the state. Directs the Secretary, in coordination with the Administrator of the Environmental Protection Agency (EPA), to establish standards for monitoring, measurement, verification, and site remediation activities necessary to protect health, safety, and the environment during such stewardship. Establishes in the Department of Energy (DOE) the Carbon Storage Stewardship and Trust Fund Program. Directs the Secretary to require operators of carbon dioxide storage facilities to: (1) maintain adequate liability insurance during the phases of the facility through receipt of a certificate of closure; and (2) pay a risk-based fee for each ton of carbon dioxide injected by the facility into geological storage units. Establishes in the Treasury a Carbon Storage Trust Fund, which shall be used to pay long-term stewardship costs, Program administrative costs, and civil claims brought against a facility after closure. Sets forth provisions concerning limitations on, funding of, and adjudication of such claims.

Title

Carbon Storage Stewardship Trust Fund Act of 2009

History

Date	Chamber	Action
2009-07-22		Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S7889-7890)
2009-07-22		Sponsor introductory remarks on measure. (CR S7888-7889)