SOURCE: Industrial Info Resources

August 17, 2009 07:01 ET

Property Rights Issues Could Stymie Geologic Carbon Sequestration, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - August 17, 2009) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Efforts in the U.S. to geologically sequester carbon-dioxide emissions could be delayed or derailed unless state and federal governments find a way to address property rights issues, lawyers at Stoel Rives LLP (Portland, Oregon) told Industrial Info. The Waxman-Markey energy bill, currently being considered by the U.S. Senate, awards bonus carbon-dioxide allowances to utilities that will deploy carbon capture and sequestration (CCS) technologies at coal-fired power plants by 2015. Property rights are critical to geologic carbon sequestration, because the underground areas needed to store carbon dioxide are extremely large and could cross state borders. The potential interstate nature of carbon sequestration projects means that the federal government could take a leading role in creating a consistent legal framework for acquiring the property rights for these projects.

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