The Environmental Protection Agency (EPA) has formally granted Louisiana primacy to permit, site and provide oversight of carbon storage wells across the state. Permits for such wells and operations, commonly referred to as Class VI permits, are generally administered and regulated by the EPA. However, the EPA can grant primary regulatory authority to individual states

On Dec. 4, the Commodity Futures Trading Commission (CFTC) proposed guidance on the listing of voluntary carbon credit (VCC) derivative contracts. This proposed guidance comes after two voluntary carbon market convenings, in June 2022 and July 2023, at which the CFTC received extensive input from industry stakeholders about the lack of a recognized universal standard

On November 2, 2023, the Senate Committee on Energy & Natural Resources held a hearing to “Examine Opportunities and Challenges in Deploying CCUS and DAC Technologies on Federal and Non-Federal Lands.” Opening remarks were made by committee Chairman Sen. Joe Manchin and ranking member Sen. John Barrasso. A panel of witnesses gave testimony at the

Takeaways

  • Despite federal and state efforts to incentivize development of carbon-capture projects, one major CO2 pipeline has been canceled, and another faces similar hurdles.
  • Carbon-capture projects continue to face stiff local and state resistance despite being one of the key pieces of emission-reduction strategies.
  • Early and substantive public engagement and government relations are key to