The exercise of public domain in geological storage of carbon dioxide.
Impact
The bill's passage will reinforce the existing barriers against the transport of carbon dioxide for disposal in geological sites within North Dakota. By preventing the exercise of eminent domain specifically for this purpose, the bill could influence the feasibility of proposed carbon capture initiatives. Advocates argue that this reflects growing concerns over the environmental and economic implications of carbon dioxide capture projects, urging for more cautious approaches to such developments.
Summary
SB2322 aims to amend various sections of the North Dakota Century Code concerning the regulation and transportation of carbon dioxide. Specifically, the bill seeks to clarify the state's use of eminent domain in the context of carbon dioxide transport, preventing entities from utilizing such powers to develop infrastructure for geological storage or sequestration of carbon dioxide. The bill essentially limits the scope of eminent domain in situations where carbon dioxide transport is concerned, which has significant implications for existing and future projects related to carbon capture and storage in North Dakota.
Sentiment
Public sentiment surrounding SB2322 is mixed, reflecting broader national debates on climate policy and fossil fuel dependency. Supporters of the bill often emphasize environmental stewardship and the need to regulate carbon dioxide emissions more stringently. Critics, however, may view the bill as a hindrance to innovation and economic opportunity in carbon management technologies, highlighting a tension between environmental priorities and economic development.
Contention
Key points of contention arise regarding the balance between environmental protection and the advancement of technology for carbon management. Proponents see the bill as an essential step towards responsible environmental governance and regulation in the face of increasing carbon emissions. However, opponents argue that restricting eminent domain could hamper progress and investment in necessary technologies for fighting climate change, raising concerns about the long-term implications for the state's economic landscape related to energy and environmental sustainability.
The definition of electric energy conversion facility, the publication of notices of public hearings, payment of an administrative fee, adding hydrogen to definitions, the publication of a public hearing, and the payment of an administrative fee; and to declare an emergency.
Fuel production facility loan guarantee reserve funding, the housing incentive fund, the powers of the North Dakota pipeline authority, definitions for the clean sustainable energy authority, a clean sustainable energy authority line of credit, and an appropriation from the state fiscal recovery fund; to provide a contingent appropriation; to provide for a transfer; to provide an exemption; to provide for a study; to provide for a report; to provide a statement of legislative intent; to provide an effective date; and to declare an emergency.
A transfer of Bank of North Dakota profits to a water infrastructure revolving loan fund; to provide for a transfer; to provide an exemption; to provide for a legislative management study; to provide a report; to provide a penalty; to provide for application; to provide a retroactive effective date; to provide a contingent effective date; to provide an effective date; and to declare an emergency.
Relating to the creation of and the powers of a comprehensive multimodal urban transportation authority, including the power to impose taxes, issue bonds, and exercise limited eminent domain authority.