Property Rights Issues Could Stymie Geologic Carbon Sequestration, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - August 17, 2009) - Written by John Egan for Industrial Info
Resources (Sugar Land, Texas) -- Efforts in the U.S. to geologically
sequester carbon-dioxide emissions could be delayed or derailed unless
state and federal governments find a way to address property rights issues,
lawyers at Stoel Rives LLP (Portland, Oregon) told Industrial Info. The
Waxman-Markey energy bill, currently being considered by the U.S. Senate,
awards bonus carbon-dioxide allowances to utilities that will deploy carbon capture and sequestration (CCS) technologies at coal-fired power plants by 2015. Property rights are
critical to geologic carbon sequestration, because the underground areas
needed to store carbon dioxide are extremely large and could cross state
borders. The potential interstate nature of carbon sequestration projects
means that the federal government could take a leading role in creating a
consistent legal framework for acquiring the property rights for these
projects.

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