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
created the $2 billion CCS funding program to enable large-scale CCS projects in
Carbon Capture and Storage Funding Regulation
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
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.