Oklahoma 2024 Regular Session

Oklahoma Senate Bill SB1569 Latest Draft

Bill / Enrolled Version Filed 04/16/2024

                             
 
 
An Act 
ENROLLED SENATE 
BILL NO. 1569 	By: Rader of the Senate 
 
  and 
 
  Boles, Archer, and Davis of 
the House 
 
 
 
 
An Act relating to the Oklahoma Carbon Sequestration 
Enhancement Act; amending 27A O.S. 2021, Sections 3 -
4-101, 3-4-102, and 3-4-105, which relate to duties 
of the Oklahoma Conservation Commission; clarifying 
jurisdiction of the Commission as it relates to 
carbon sequestration; conforming language; updating 
statutory reference; and providing an effective date . 
 
 
 
 
 
SUBJECT:  Oklahoma Carbon Sequestrati on Enhancement Act 
 
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: 
 
SECTION 1.     AMENDATORY     27A O.S. 2021, Section 3 -4-101, is 
amended to read as follows: 
 
Section 3-4-101.  A.  This article shall be known and may be 
cited as the “Oklahoma Carbon Sequestration Enhancement Act ”. 
 
B.  The Oklahoma Legislature finds that: 
 
1.  Increasing levels of carbon dioxide and other gases in the 
atmosphere have led to growing interest in national and 
international forums for implementing me asures to slow and reverse 
the buildup of such atmospheric constituents.  These measures may 
include, but are not limited to, the establishment of systems of 
trading in carbon dioxide credits or adoption of practices,   
 
ENR. S. B. NO. 1569 	Page 2 
technologies, or other measures which decrease the concentration of 
carbon dioxide in the atmosphere and improve air quality; 
 
2.  Carbon sequestration practices have great potential to 
increase carbon sequestration and help offset the impact of carbon 
dioxide emissions on carbon dioxide conce ntrations in the 
atmosphere; and 
 
3.  It is in the interest of the citizens of this state that the 
Oklahoma Conservation Commission document and quantify carbon 
sequestration associated with terrestrial and agricultural carbon 
sequestration practices.  The provisions of this act shall not 
include geologic carbon sequestration occurring in Underground 
Injection Control (UIC) Class II or Class VI projects. 
 
C.  It is the intent of the Legislature that such efforts to 
document and quantify carbon sequestration associated with 
terrestrial and agricultural carbon sequestration practices will 
enhance the ability of the state ’s landowners, well owners and 
mineral owners to participate in any system of carbon dioxide 
emissions marketing or trading that may be develo ped in the future. 
 
D.  For purposes of this act the Oklahoma Carbon Sequestration 
Enhancement Act, “carbon sequestration practices ” and “carbon 
capture and storage practices ” shall mean and include: 
 
1.  Improved agricultural practices, including, but not limited 
to, decreasing soil tillage, planting and managing vegetation, 
growing agricultural crops , or managing any existing vegetated area; 
 
2.  Improved natural resources conservation practices, 
including, but not limited to, vegetation, revegetation, 
forestation, afforestation , and reforestation on rangeland and other 
agricultural and nonagricultural lands; 
 
3.  Practices involving the capture and sequestration or storage 
of carbon dioxide emissions through carbon dioxide injection in 
producing oil or gas wells, abandoned oil or gas wells, or other 
wells; 
 
4. Other improved methods of stewardship for the natural 
resources of Oklahoma this state; and   
 
ENR. S. B. NO. 1569 	Page 3 
 
5. 4. Other terrestrial and agricultural methods of 
sequestering, displacing , or avoiding carbon dioxide emissions 
approved by the Oklahoma Conservation Commission. 
 
SECTION 2.     AMENDATORY     27A O.S. 2021, Section 3 -4-102, is 
amended to read as follows: 
 
Section 3-4-102.  The Oklahoma Conservation Commission shall: 
 
1.  Encourage the production of educational and advisory 
materials regarding terrestrial and agricultural carbon 
sequestration and storage and the opportunities to participate in 
any a related system of carbon dioxide emissions trading or 
marketing that may be developed in t he future; and 
 
2.  Identify areas of research needed to better understand and 
quantify terrestrial and agricultural carbon sequestration and 
storage involved in terrestrial and agricultural carbon 
sequestration practices within the state. 
 
SECTION 3.     AMENDATORY     27A O.S. 2021, Section 3 -4-105, is 
amended to read as follows: 
 
Section 3-4-105.  A.  The Oklahoma Conservation Commission is 
hereby authorized to establish and administer the terrestrial and 
agricultural carbon sequestration certification program.  The 
purposes of the program are to provide a mechanism for creating and 
preserving carbon reserves in this state by encouraging voluntary 
practices that protect or improve natural resources, to enable 
Oklahomans to participate in market-based programs for natural 
resource protection, to provide a mechanism for Oklahomans to 
benefit from the ecosystem services they provide, to verify carbon 
sequestration or storage associated with terrestrial and 
agricultural carbon sequestration p ractices, and to issue carbon 
sequestration certificates associated with terrestrial and 
agricultural carbon sequestration practices that the Commission 
determines qualify for such certificates. 
 
B.  The Commission, in consultation with the Department of 
Environmental Quality and with the advice of the terrestrial and 
agricultural carbon sequestration stakeholder groups appointed by   
 
ENR. S. B. NO. 1569 	Page 4 
the Commission, shall develop and promulgate rules as necessary to 
administer, implement , and enforce the provisions of this act 
Section 3-4-101 et seq. of this title , including, but not limited 
to, developing and implementing uniform standards and criteria for 
verifying carbon sequestration and storage associated with 
terrestrial and agricultural carbon sequestration practices a nd 
issuing carbon sequestration certificates associated with approved 
terrestrial and agricultural carbon sequestration practices.  In 
promulgating the rules, the Commission shall develop the program to 
be as consistent as possible with other governmental programs 
designed to create carbon reserves for the purpose of voluntarily 
reducing greenhouse gases or designed to certify terrestrial and 
agricultural carbon sequestration practices. 
 
C.  In order for terrestrial and agricultural carbon 
sequestration to be verified and certified under this section, an 
applicant shall file an application with the Commission.  Along with 
the application, the applicant shall submit a resource management 
plan, or a project plan as applicable, detailing activities that 
will increase or maintain existing trapped carbon including, but not 
limited to, improved forest management, alteration of or changes in 
silviculture practices, and growing of designated crops and any 
other such terrestrial and agricultural carbon sequestration 
practices including, but not limited to, the capture and 
sequestration of carbon dioxide emissions through injection of 
carbon dioxide underground . 
 
D.  The Commission shall require applicants to submit such 
information, forms, and reports as are necessary to properly and 
efficiently administer the program. 
 
E.  Prior to granting a carbon sequestration certificate, the 
Commission shall adopt criteria associated with the approved 
terrestrial and agricultural carbon sequestration practice for which 
an application is submitted.  In addition, the Commission shall 
determine, based upon compliance with the site criteria, the volume 
or numerical amount of credits or offsets achievable by the specific 
terrestrial and agricultural carbon sequestration practice. 
 
F.  Applications for a terrestrial and agricultural carbon 
sequestration certificate shall be approved or denied in accordance 
with criteria promulgated by the Commission.   
 
ENR. S. B. NO. 1569 	Page 5 
 
G.  The Commission is authorized to establish fees associated 
with the terrestrial and agricultural carbon sequestration 
certification program. 
 
SECTION 4.  This act shall become effective November 1, 2024. 
   
 
ENR. S. B. NO. 1569 	Page 6 
Passed the Senate the 7th day of March, 2024. 
 
 
  
 	Presiding Officer of the Senate 
 
 
Passed the House of Representatives the 15th day of April, 2024. 
 
 
  
 	Presiding Officer of the House 
 	of Representatives 
 
OFFICE OF THE GOVERNOR 
Received by the Office of the Governor this _______ _____________ 
day of _________________ __, 20_______, at _______ o'clock _______ M. 
By: _________________________________ 
Approved by the Governor of the State of Oklahoma this _______ __ 
day of _________________ __, 20_______, at _______ o'clock _______ M. 
 
 	_________________________________ 
 	Governor of the State of Oklahoma 
 
 
OFFICE OF THE SECRETARY OF STATE 
Received by the Office of the Secretary of State this _______ ___ 
day of _________________ _, 20 _______, at _______ o'clock _______ M. 
By: _________________________________