S. 1502 (111th): Carbon Storage Stewardship Trust Fund Act of 2009

Introduced:
Jul 22, 2009 (111th Congress, 2009–2010)
Sponsor:
Sen. Robert “Bob” Casey Jr. [D-PA]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on July 22, 2009, in a previous session of Congress, but was not enacted.

Progress
Introduced Jul 22, 2009
Referred to Committee Jul 22, 2009
Cosponsors
1 cosponsors (1R) (show)
Committees

Senate Energy and Natural Resources

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to establish a program to be managed by the Department of Energy to ensure prompt and orderly compensation for potential damages relating to the storage of carbon dioxide in geological storage units.

Summary

No summaries available.

Text

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Last updated Jul 22, 2009.
15 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

7/22/2009--Introduced.
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.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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