Alaska Carbon Dioxide Storage Unit Agreement

State:
Multi-State
Control #:
US-OG-953
Format:
Word; 
Rich Text
Instant download

Description

This form is a carbon dioxide storage unit agreement.

The Alaska Carbon Dioxide Storage Unit Agreement is a legally-binding contract between parties involved in storing carbon dioxide (CO2) in specific areas of Alaska. This agreement aims to facilitate the long-term storage of CO2 generated from industrial processes, such as power plants or other emission-heavy industries, by utilizing underground storage facilities in Alaska. The objective of the Alaska Carbon Dioxide Storage Unit Agreement is to address climate change concerns by capturing and storing CO2, reducing greenhouse gas emissions, and promoting sustainable practices. This agreement plays a crucial role in promoting carbon capture and storage (CCS) technologies, which assist in mitigating climate change impacts and achieving emissions reduction targets. The Alaska Carbon Dioxide Storage Unit Agreement establishes the terms and conditions for site access, project design, monitoring, measurement, reporting, and compliance criteria associated with CO2 storage activities. It outlines the responsibilities of the project operator as well as regulatory authorities in ensuring safe and effective CO2 storage operations. Regarding the types of Alaska Carbon Dioxide Storage Unit Agreements, they can vary based on the specific storage units and the entities involved. Some possible types of agreements may include: 1. Industrial-Dedicated Storage Agreement: This type of agreement involves a partnership between an emission-heavy industry and the storage operator. It aims to enable the industry to store its captured CO2 in a designated storage unit, reducing its overall carbon footprint. 2. Multi-Party Storage Agreement: In this type of agreement, multiple parties, such as different industries or entities, collaborate to utilize a shared storage unit. Each party may contribute to the storage costs and have their CO2 stored separately within the same underground facility. 3. National Carbon Storage Agreement: This agreement involves the government and storage operators. It establishes a framework for long-term CO2 storage at a national level, ensuring proper monitoring, regulation, and maintenance of the storage units. 4. International Carbon Storage Agreement: This agreement is formed between different countries to facilitate CO2 storage across borders. It outlines the responsibilities, requirements, and conditions for cross-border CO2 storage, providing a mechanism to combat climate change collectively. These various types of Alaska Carbon Dioxide Storage Unit Agreements reflect the flexibility and adaptability of the storage framework to cater to different industries, groups, or even international partnerships. Ultimately, they support the common objective of reducing CO2 emissions and tackling climate change.

Free preview
  • Preview Carbon Dioxide Storage Unit Agreement
  • Preview Carbon Dioxide Storage Unit Agreement
  • Preview Carbon Dioxide Storage Unit Agreement
  • Preview Carbon Dioxide Storage Unit Agreement
  • Preview Carbon Dioxide Storage Unit Agreement
  • Preview Carbon Dioxide Storage Unit Agreement
  • Preview Carbon Dioxide Storage Unit Agreement
  • Preview Carbon Dioxide Storage Unit Agreement
  • Preview Carbon Dioxide Storage Unit Agreement
  • Preview Carbon Dioxide Storage Unit Agreement
  • Preview Carbon Dioxide Storage Unit Agreement

How to fill out Alaska Carbon Dioxide Storage Unit Agreement?

Finding the right legitimate papers format can be quite a have difficulties. Needless to say, there are tons of layouts available online, but how can you find the legitimate form you require? Take advantage of the US Legal Forms internet site. The assistance provides a huge number of layouts, like the Alaska Carbon Dioxide Storage Unit Agreement, that can be used for business and private demands. Each of the kinds are checked by professionals and satisfy state and federal needs.

When you are currently listed, log in to the profile and then click the Down load button to get the Alaska Carbon Dioxide Storage Unit Agreement. Use your profile to search throughout the legitimate kinds you may have bought in the past. Go to the My Forms tab of your respective profile and have one more version of the papers you require.

When you are a fresh end user of US Legal Forms, allow me to share easy recommendations for you to adhere to:

  • First, ensure you have selected the proper form for the metropolis/area. It is possible to look over the form making use of the Review button and browse the form outline to make certain this is the right one for you.
  • If the form fails to satisfy your needs, take advantage of the Seach field to obtain the proper form.
  • Once you are certain that the form is suitable, click on the Buy now button to get the form.
  • Choose the prices plan you want and enter the needed info. Create your profile and pay for your order making use of your PayPal profile or Visa or Mastercard.
  • Opt for the data file structure and down load the legitimate papers format to the product.
  • Full, change and printing and indicator the attained Alaska Carbon Dioxide Storage Unit Agreement.

US Legal Forms is definitely the biggest catalogue of legitimate kinds for which you can see a variety of papers layouts. Take advantage of the company to down load professionally-manufactured paperwork that adhere to status needs.

Form popularity

FAQ

Table State or territory% total CO?CO? (Mt)Alaska0.8%36.0Arizona1.7%79.8Arkansas1.2%54.7California6.6%303.754 more rows

Ownership. W.S. § 34-1-152 grants pore space ownership to the surface owner and allows it to be severed from the surface and separately conveyed. In 2009 W.S. § 35-11-316 created an 80% unitization requirement.

The lease agreement provides Denbury with the exclusive right to develop and operate approximately 16,000 acres of subsurface pore space owned by Weyerhaeuser in Simpson and Copiah Counties in Mississippi.

On average, 100 acres of forested lands removes 115 tons of carbon dioxide each year.

Alaska has important competitive advantages for the development of a CCUS industry. The State owns the pore space used for storage under State lands, which allows leasing of large contiguous storage sites.

SB 48 establishes a statewide carbon offset program within the Department of Natural Resources (DNR). That means a business or entity that produces carbon dioxide can offset those emissions by buying credits generated by nature-based projects on State land.

Under American rule, the mineral estate holder owns the minerals but not the geologic formation. The surface owner owns the geologic pore space and has storage rights.

(a) General rule. --The ownership of all pore space in all strata below the surface lands and waters of the Commonwealth shall be vested in the owner of the surface above the pore space.

Interesting Questions

More info

Mar 10, 2023 — Provides authority for AOGCC to collect fees and establishes the “carbon dioxide storage facility administrative fund” under the general. Apr 7, 2023 — ... carbon storage must apply for a carbon storage lease. AS ... the “carbon dioxide storage facility administrative fund” under the general fund.Jan 27, 2023 — This bill specifically creates new authorities for State agencies to license, lease, and administer the State's pore space for geological ... This form is a long form subsurface underground carbon dioxide storage lease and agreement with landowner. ... How to fill out Subsurface Underground Carbon ... Be sure the form meets all the necessary state requirements. If possible preview it and read the description before purchasing it. Press Buy Now. Choose the ... by MITCS Initiative · 2005 — as a gas storage agreement granting United Fuel Gas the right to inject and store gas in ... (1) that the use of the geologic storage facility for CO2 storage ... May 8, 2009 — No current lease terms and conditions address the ownership of the pore space and storage of CO2 on the Federal lands. Existing laws and ... (c) Before payments are accepted into the carbon storage closure trust fund. 20 income account for a particular carbon storage facility, the Alaska Oil and Gas. Jun 10, 2022 — Any ROW grants for long-term geologic sequestration and storage of CO2 into subsurface formations should be issued for a minimum 30-year ... by PD Warwick — Cover. Map of the conterminous United States and Alaska showing 8 regions (separated by bold dashed lines and labeled in a bold font), evaluated areas ( ...

Trusted and secure by over 3 million people of the world’s leading companies

Alaska Carbon Dioxide Storage Unit Agreement