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53	53	STATE OF OKLAHOMA
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55	55	1st Session of the 60th Legislature (2025)
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57	57	SENATE BILL 1018 By: Jett
58	58
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63	63	AS INTRODUCED
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65	65	An Act relating to the release of CO 2; defining terms;
66	66	creating a CO2 victim lien; specifying terms of lien;
67	67	providing for perfection of l ien; specifying filing
68	68	requirements; providing for termination of lien;
69	69	establishing provisions in the case of owner
70	70	bankruptcy; providing for codification; and providing
71	71	an effective date.
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77	77	BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
78	78	SECTION 1. NEW LAW A new section of law to be codified
79	79	in the Oklahoma Statutes as Section 3-9-101 of Title 27A, unless
80	80	there is created a duplication in numbering, reads as follows:
81	81	A. For the purposes of this section:
82	82	1. “Kill zone” means the area within a twenty -five mile radius
83	83	of the site of:
84	84	a. the rupture of a carbon dioxide (CO2) pipeline, or
85	85	b. the release of CO2 from a CO2 pipeline, facility, or
86	86	sequestration site;
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138	138	2. “Owner” means any person that owns or operates a CO 2 pipeline
139	139	or supplies CO 2 to a CO2 pipeline, facility, or sequestration site ;
140	140	and
141	141	3. “Victim” means any person that files a financing statement
142	142	for the purposes of perfecting a CO 2 victim lien.
143	143	B. Any person residing, traveling through, visiting, or owni ng
144	144	or leasing property, agriculture, equipment, livestock, or pets, or
145	145	who is dependent on affected water sources located within the kill
146	146	zone of a CO2 pipeline, facility, or sequestration site shall have
147	147	claim to a CO2 victim lien. Such person shall have standing for
148	148	compensation for all damages incurred or projected to be incurred by
149	149	the person due to the rupture of a CO 2 pipeline or the release of CO 2
150	150	from a CO2 pipeline, facility, or sequestration site . The lien shall
151	151	include full compensatory and pun itive damages against all assets of
152	152	the owner of a CO 2 pipeline or an owner supplying CO 2 to a CO2
153	153	pipeline at the time of the release of CO 2 or the rupture of a CO 2
154	154	pipeline or sequestration site , regardless of intent or liability.
155	155	C. 1. To perfect a CO2 victim lien, a person shall file a UCC-1
156	156	financing statement within one (1) y ear from the date of the release
157	157	of CO2 or the rupture of a CO 2 pipeline or sequestration site with
158	158	the county clerk’s office where the kill zone is located. A
159	159	perfected lien shall have priority retroactive to the date that the
160	160	CO2 was released or that the CO 2 pipeline or sequestration site
161	161	ruptured or leaked and over any conflicting security interest or
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213	213	lien, including those perfected prior to the effective date of this
214	214	act.
215	215	2. A financing statement filed pursuant to this subsection
216	216	shall indicate that t he statement is being filed to perfect a CO 2
217	217	victim lien. The financing statement shall remain effective until a
218	218	termination date is filed.
219	219	D. A victim shall file a terminatio n statement within thirty
220	220	(30) days from the date that the victim receives a written demand
221	221	from an owner, or from the date that the owner performs all
222	222	obligations of the lien, whichever is later. The victim shall also
223	223	file a termination statement if the victim wishes to relinquish
224	224	rights to the CO 2 victim lien.
225	225	E. If any owner at the subject of a CO 2 victim lien is involved
226	226	in bankruptcy or receivership, the trustee, conservator, or court
227	227	responsible for reorganization or liquidation of the owner ’s assets
228	228	shall hold the assets in trust for the benefit of potential CO 2
229	229	victim lienholders for a period not to exceed one (1) year from the
230	230	date of the owner’s last day of operating the CO 2 pipeline or the
231	231	owner’s last day of creating CO 2 to be supplied to a CO 2 pipeline or
232	232	facility.
233	233	SECTION 2. This act shall become effect ive November 1, 2025.
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235	235	60-1-948 RD 1/16/2025 2:25:18 PM

Oklahoma 2025 Regular Session

Oklahoma Senate Bill SB1018 Compare Versions