(a) Storage operators shall pay the secretary a fee on each ton of carbon dioxide injected for storage. The fee shall be in the amount set by legislative rule. The amount shall be based on the contribution of the storage facility and the source of the carbon dioxide to the energy and agriculture production economy of West Virginia and the secretarys anticipated expenses associated with the long-term monitoring and management of closed storage facilities. This fee shall be deposited in the Carbon Dioxide Storage Facility Trust Fund.
(b) The secretary shall file with the Legislatures Joint Committee on Government and Finance a report discussing whether the amount in the Carbon Dioxide Storage Facility Trust Fund and fees being paid into it are sufficient to satisfy the funds objectives. The first report is due December 31, 2025, and subsequent reports are due every four years thereafter.
Structure West Virginia Code
Chapter 22. Environmental Resources
Article 11B. Underground Carbon Dioxide Sequestration and Storage
§22-11B-1. Statement of Purpose
§22-11B-5. Public Participation in Permit Process, Notices, Public Hearing
§22-11B-6. Permit and Order Provisions; Identification of Agent
§22-11B-7. Additional Rulemaking Authority
§22-11B-8. Environmental Protection, Other Law
§22-11B-10. Cooperative Agreements
§22-11B-11. Ownership of Carbon Dioxide
§22-11B-12. Certificate of Project Completion, Release, Transfer of Title and Custody, Filing
§22-11B-13. Carbon Dioxide Storage Facility Administrative Fund
§22-11B-14. Application Fee, Deposit, Use in Cooperative Regulatory Functions
§22-11B-15. Carbon Dioxide Storage Facility Trust Fund
§22-11B-16. Operation Fee, Use, Report to Legislature
§22-11B-17. Determining Storage Amounts, Carbon Credits, Fee
§22-11B-18. Subsurface Pore Space or Container Space
§22-11B-19. Co-Tenants, Ownership of Pore Space by Multiple Co-Tenants and Collective Storage
§22-11B-20. Funds to Be Held in Trust for Unknown or Unlocatable Owners