❌ HB170
Establish process to regulate carbon capture, storage technology
Summary
The bill establishes a regulatory framework for carbon capture and storage technologies in Ohio, granting the division of oil and gas resources management exclusive authority to oversee carbon sequestration projects. It requires operators to obtain permits, adhere to safety and monitoring regulations, and ensures public notification and compliance with environmental standards. The bill also outlines the financial responsibilities of storage operators and the conditions for project completion certification.
Rationale
The bill imposes significant government regulation on carbon capture and storage, which conflicts with Libertarian principles advocating for minimal government intervention and free market operations. It establishes a framework that could be seen as infringing on property rights and individual freedoms related to land use and resource management.
Risks and Concerns
- Increased government control over private property and resource management
- Potential for cronyism in permitting processes
- Financial burdens on operators that may stifle innovation