Carbon Capture and Storage Legislation
Many aspects of Carbon Capture and Storage projects are covered by Alberta’s existing oil and gas regulations, but the following acts and regulations are to promote the safe and effective use of CCS technology;
Carbon Capture and Storage Funding Act
This Act created the $2 billion CCS funding program to enable large-scale CCS projects in Alberta.
Carbon Capture and Storage Funding Regulation
This regulation authorizes spending for the Regulatory Framework Assessment as well as for education and research regarding CCS projects.
Carbon Capture and Storage Statutes Amendment Act, 2010 also known as Bill 24
This Act was needed to address two key barriers preventing CCS from moving forward in Alberta:
- long-term liability for CO2 stored underground; and
- pore space access.
This Act names the Government of Alberta as the owner of pore space. CCS involves long term storage of CO2 in secure rock formations. The companies that have injected the CO2 may have a shorter lifespan than the storage. This Act allows the government to assume long-term liability for storage sites once the sites have been properly closed and the operators have demonstrated through long-term monitoring that the stored CO2 is stable. The Act also makes it mandatory for CCS operators to contribute to the Post-Closure Stewardship Fund. The provincial government will use this fund for ongoing monitoring and any required maintenance and remediation. This law does not change ownership of mine and mineral resources in any way.
Carbon Sequestration Tenure Regulation
This regulation establishes the process companies must follow to obtain tenure or lease rights for pore space to evaluate the suitability of a potential storage site or to store CO2.