Oklahoma 2024 Regular Session

Oklahoma Senate Bill SB1569 Compare Versions

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4		-	An Act
5		-	ENROLLED SENATE
	29	+	HOUSE OF REPRESENTATIVES - FLOOR VERSION
	30	+
	31	+	STATE OF OKLAHOMA
	32	+
	33	+	2nd Session of the 59th Legislature (2024)
	34	+
	35	+	ENGROSSED SENATE
6	36		BILL NO. 1569 By: Rader of the Senate
7	37
8	38		and
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10		-	Boles, Archer, and Davis of
11		-	the House
	40	+	Boles and Archer of the
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16	47		An Act relating to the Oklahoma Carbon Sequestrati on
17	48		Enhancement Act; amending 27A O.S. 2021, Sections 3 -
18	49		4-101, 3-4-102, and 3-4-105, which relate to duties
19	50		of the Oklahoma Conservation Commission; clarifying
20	51		jurisdiction of the Commission as it relates to
21	52		carbon sequestration; conforming language; updati ng
22	53		statutory reference; and providing an effective date .
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28		-	SUBJECT: Oklahoma Carbon Sequestrati on Enhancement Act
29		-
30	59		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
31		-
32	60		SECTION 1. AMENDATORY 27A O.S. 2021, Section 3 -4-101, is
33	61		amended to read as follows:
34		-
35	62		Section 3-4-101. A. This article shall be known and may be
36	63		cited as the “Oklahoma Carbon Sequestration Enhancement Act ”.
37		-
38	64		B. The Oklahoma Legisl ature finds that:
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40	65		1. Increasing levels of carbon dioxide and other gases in the
41	66		atmosphere have led to growing interest in national and
42	67		international forums for implementing measures to slow and reverse
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43	95		the buildup of such atmospheric constituents. These measures may
44	96		include, but are not limited to, the establishment of systems of
45	97		trading in carbon dioxide credits or adoption of practices,
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47		-	ENR. S. B. NO. 1569 Page 2
48	98		technologies, or other measures which decrease the concentration of
49	99		carbon dioxide in the atmosphere and improve air quality;
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51	100		2. Carbon sequestration practices have great potential to
52	101		increase carbon sequestration and help offset the impact of carbon
53	102		dioxide emissions on carbon dioxide concentrations in the
54	103		atmosphere; and
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56	104		3. It is in the interest of the citizens of th is state that the
57	105		Oklahoma Conservation Commission document and quantify carbon
58	106		sequestration associated with terrestrial and agricultural carbon
59	107		sequestration practices. The provisions of this act shall not
60	108		include geologic carbon sequestration occurring in Underground
61	109		Injection Control (UIC) Class II or Class VI projects.
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63	110		C. It is the intent of the Legislature that such efforts to
64	111		document and quantify carbon sequestration associated with
65	112		terrestrial and agricultural carbon sequestration practices will
66	113		enhance the ability of the state ’s landowners, well owners and
67	114		mineral owners to participate in any system of carbon dioxide
68	115		emissions marketing or trading that may be developed in the future.
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70	116		D. For purposes of this act the Oklahoma Carbon Sequestration
71	117		Enhancement Act, “carbon sequestration practices ” and “carbon
72	118		capture and storage practices ” shall mean and include:
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74	146		1. Improved agricultu ral practices, including, but not limited
75	147		to, decreasing soil tillage, planting and managing vegetation,
76	148		growing agricultural crops, or managing any existing vegetated area;
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78	149		2. Improved natural resources conservation practices,
79	150		including, but not limited to, vegetation, revegetation,
80	151		forestation, afforestation , and reforestation on rangeland and other
81	152		agricultural and nonagricultural lands;
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83	153		3. Practices involving the capture and sequestration or storage
84	154		of carbon dioxide emissions through carbon dioxide i njection in
85	155		producing oil or gas wells, abandoned oil or gas wells, or other
86	156		wells;
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88	157		4. Other improved methods of ste wardship for the natural
89	158		resources of Oklahoma this state; and
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91		-	ENR. S. B. NO. 1569 Page 3
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93	159		5. 4. Other terrestrial and agricultural methods of
94	160		sequestering, displacin g, or avoiding carbon dioxide emissions
95	161		approved by the Oklahoma Conservation Commission.
96		-
97	162		SECTION 2. AMENDATORY 27A O.S. 2021, Section 3 -4-102, is
98	163		amended to read as follows:
99		-
100	164		Section 3-4-102. The Oklahoma Conservation Commission shall:
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102	165		1. Encourage the production of educational and a dvisory
103	166		materials regarding terrestrial and agricultural carbon
104	167		sequestration and storage and the opportunities to participate in
105	168		any a related system of carbon dioxide emissions trading or
106	169		marketing that may be developed in the future; and
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108	197		2. Identify areas of research needed to better understand and
109	198		quantify terrestrial and agricultural carbon sequestration and
110	199		storage involved in terrestrial and agricultural carbon
111	200		sequestration practices within th e state.
112		-
113	201		SECTION 3. AMENDATORY 27A O.S. 2021, Section 3 -4-105, is
114	202		amended to read as follow s:
115		-
116	203		Section 3-4-105. A. The Oklahoma Conservation Commission is
117	204		hereby authorized to establish and administer the terrestrial and
118	205		agricultural carbon sequestration certification program. The
119	206		purposes of the program are to provide a mechanism for creating and
120	207		preserving carbon reserves in this state by encouraging voluntary
121	208		practices that protect or improve natural resources, to enable
122	209		Oklahomans to participate in market -based programs for natura l
123	210		resource protection, to provide a mechanism for Oklahomans to
124	211		benefit from the ecosystem services they provide, to verify carbon
125	212		sequestration or storage associated with terrestrial and
126	213		agricultural carbon sequestration practices, and to issue carbon
127	214		sequestration certificates associated with terrestrial and
128	215		agricultural carbon sequestration practices that the Commission
129	216		determines qualify for such certificates.
130		-
131	217		B. The Commission, in consultation wi th the Department of
132	218		Environmental Quality and with the advice of the terrestrial and
133	219		agricultural carbon sequestration stakeholder groups appointed by
	220	+	the Commission, shall develop and promulgate rules as necessary to
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135		-	ENR. S. B. NO. 1569 Page 4
136		-	the Commission, shall develop and promulgate rules as necessary to
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137	248		administer, implement , and enforce the provisions of this act
138	249		Section 3-4-101 et seq. of this title , including, but not limited
139	250		to, developing and impleme nting uniform standards and criteria for
140	251		verifying carbon sequestration and storage associated with
141	252		terrestrial and agricultural carbon sequestration practices and
142	253		issuing carbon sequestration ce rtificates associated with approved
143	254		terrestrial and agricultu ral carbon sequestration practices. In
144	255		promulgating the rules, the Commission shall develop the program to
145	256		be as consistent as possible wi th other governmental programs
146	257		designed to create carbon reserves for the purpose of voluntarily
147	258		reducing greenhouse gases or designed to certify terrestrial and
148	259		agricultural carbon sequestration practices.
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150	260		C. In order for terrestrial and agricultural carbon
151	261		sequestration to be verified and certified under thi s section, an
152	262		applicant shall file an application with the Co mmission. Along with
153	263		the application, the applicant shall submit a resource management
154	264		plan, or a project plan as applicable, detailing ac tivities that
155	265		will increase or maintain existing trapped carbon including, but not
156	266		limited to, improved forest manage ment, alteration of or changes in
157	267		silviculture practices, and growing of designated crops and any
158	268		other such terrestrial and agricultural c arbon sequestration
159	269		practices including, but not limited to, the capture and
160	270		sequestration of carbon dioxide emission s through injection of
161	271		carbon dioxide underground .
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163	299		D. The Commission shall require applicants to submit such
164	300		information, forms, and repor ts as are necessary to properly and
165	301		efficiently administer the program.
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167	302		E. Prior to granting a carbon sequestration certificate, the
168	303		Commission shall adopt criteria associated with the approved
169	304		terrestrial and agricultural carbon sequestration practice fo r which
170	305		an application is submitted. In addition, the C ommission shall
171	306		determine, based upon compliance with the sit e criteria, the volume
172	307		or numerical amount of credits or offsets achievable by the specific
173	308		terrestrial and agricultural carbon sequestration practice.
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175	309		F. Applications for a terrestrial and agricultural carbon
176	310		sequestration certificate shall be approved o r denied in accordance
177	311		with criteria promulgated by the Commission.
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181	312		G. The Commission is authorized to establish fees associated
182	313		with the terrestrial and agricultural carbon sequestration
183	314		certification program.
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185	315		SECTION 4. This act shall become effective November 1, 2024.
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188		-	ENR. S. B. NO. 1569 Page 6
189		-	Passed the Senate the 7th day of March, 2024.
190		-
191		-
192		-
193		-	Presiding Officer of the Senate
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196		-	Passed the House of Representatives the 15th day of April, 2024.
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200		-	Presiding Officer of the House
201		-	of Representatives
202		-
203		-	OFFICE OF THE GOVERNOR
204		-	Received by the Office of the Governor this _______ _____________
205		-	day of _________________ __, 20_______, at _______ o'clock _______ M.
206		-	By: _________________________________
207		-	Approved by the Governor of the State of Oklahoma this _______ __
208		-	day of _________________ __, 20_______, at _______ o'clock _______ M.
209		-
210		-	_________________________________
211		-	Governor of the State of Oklahoma
212		-
213		-
214		-	OFFICE OF THE SECRETARY OF STATE
215		-	Received by the Office of the Secretary of State this _______ ___
216		-	day of _________________ _, 20 _______, at _______ o'clock _______ M.
217		-	By: _________________________________
	317	+	COMMITTEE REPORT BY: COMMITTEE ON ENERGY AND NATURAL RESOURCES,
	318	+	dated 04/04/2024 - DO PASS, As Coauthored.