West Virginia 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.
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FAQ

Typically, when someone buys a carbon offset, the money goes to pay for a reduction in greenhouse gases that has already occurred. This purchase supports an existing project. However, sometimes community-based projects don't have enough funding to be built in the first place.

Under West Virginia law, "[a] claim of unjust enrichment generally entails the establishment of three elements: (1) a benefit conferred upon the [defendant], (2) an appreciation or knowledge by the defendant of such benefit, and (3) the acceptance or retention by the defendant of the benefit under such circumstances as ...

Several carbon offset programs have been made available to West Virginia (WV) forest landowners that allow them to manage their forests to mitigate climate change while providing an opportunity to earn extra income through carbon credits.

A carbon offset program approves verification reports, and then issues a number of carbon offset credits equal to the quantity of verified CO2-equivalent GHG reductions. Offset credits are generally deposited into the project developer's account in a registry system administered by the offset program.

Carbon offsets are tradable ?rights? or certificates linked to activities that lower the amount of carbon dioxide (CO2) in the atmosphere. By buying these certificates, a person or group can fund projects that fight climate change, instead of taking actions to lower their own carbon emissions.

A carbon offset credit is a transferrable instrument certified by governments or independent bodies to represent an emission reduction of one metric tonne of CO2 that the purchaser can claim as a reduction towards their own GHG reduction requirements.

What is the statute of limitations for a consumer protection claim in your jurisdiction? The statute of limitations is four years under the West Virginia Consumer Credit and Protection Act (W. Va. Code § 46A-5-101).

The statute of limitations for a breach of contract claim in West Virginia is: Ten years for a written contract (W. Va. Code???55-2-6).

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West Virginia Carbon Dioxide Storage Unit Agreement