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Long-term Stewardship and Liability: A Balanced Approach to Legal Certainty and Site Transfer for Geologic CO2 Storage

23rd September 2024

Titled “Long-term Stewardship and Liability: A Balanced Approach to Legal Certainty and Site Transfer for Geologic CO2 Storage”, read this latest publication exploring issues related to long-term liability transfer and ideas for addressing and mitigating them. 

Authored by Ian Havercroft, General Manager of Knowledge and Analysis with the Global CCS Institute, and Chiara Trabucchi, Principal with Fiori LLC, the report proposes a liability risk management framework that accomplishes the dual purpose of creating legal certainty and ensuring that jurisdictions accepting transfer of geologic storage sites are adequately resourced.   

The report further addresses: 

  • The value of fostering public trust as CCS storage projects get underway 
  • The risks associated with applying broad liability relief for CO2 storage operators, particularly as it relates to moral hazard 
  • The benefit of providing clear and prudent risk management frameworks that support the transfer of CO2 storage sites to jurisdictional authorities 
  • Financial frameworks which can safeguard against the possibility of transferring future costs associated with storage sites to jurisdictional authorities accepting site transfers

This publication was produced through the support and contributions offered by the Global CCS Foundation and the Environment Defense Fund. Download your copy today.

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Long-term Stewardship and Liability: A Balanced Approach to Legal Certainty and Site Transfer for Geologic CO2 Storage

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