❌ SB136
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 over these activities. It requires storage operators to obtain permits, adhere to safety and monitoring regulations, and ensures public notice 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 increases government regulation over carbon capture and storage, which conflicts with Libertarian principles advocating for minimal government intervention and free market solutions. It imposes fees and permits that could be seen as government overreach, particularly in the context of property rights and economic freedom.
Risks and Concerns
- Increased government control over private property rights
- Potential for cronyism in permit issuance
- Financial burdens on storage operators may deter investment