Liz Hampton of Reuters reports that Louisiana is on track to receive primacy by the end of the year.
- Primacy allows a state, instead of the federal government, to permit and regulate Class VI injection wells, which store the captured carbon from carbon capture projects.
- Importantly, primacy requires a state to adhere to stricter environmental standards.
- Allowing states to have the regulatory authority for these projects will lead to wells being approved quickly, which is crucial to expanding carbon capture operations in the United States.
- Once approved, Louisiana will join Wyoming and North Dakota on the list of states who have received primacy.
“Occidental Petroleum Corp (OXY.N) and Talos Energy have carbon capture projects proposed for Louisiana, while midstream firm EnLink (ENLC.N) is eying various carbon dioxide pipeline projects to connect emitters to storage sites.”
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