AUSTIN – The Carbon Neutral Coalition (CNC) today applauded Senator Morgan LaMantia (D-South Padre Island) and Representatives Drew Darby (R-San Angelo) and Ryan Guillen (R-Rio Grande Valley) for filing Senate Bill 2439, House Bill 4097 and House Bill 4557 which will prevent unwarranted litigation against companies engaged in capturing and storing CO2 emissions.
A recent research paper issued by Texans for Lawsuit Reform (TLR) calls for liability protections for CCUS projects noting: “Liability-controlling measures in Texas would promote development of CCUS projects that will benefit both the economy and the environment. Texas, in particular, is positioned to become a world leader in CCUS due to the state’s vast geologic storage capacity, both onshore and offshore, and the expertise already existing in the state from the oil and gas industry. Investment in CCUS projects in Texas will create jobs, reduce emissions, and ensure the viability of the energy industry.”
“Carbon Capture Utilization and Storage will be a key component of our nation’s energy future,” said CNC Advisory Board Chairwoman, Susan Combs. “To create an environment that will attract businesses to invest in CCUS in Texas, the creation of a legal, economic, and regulatory framework for the industry is critical. These bills filed by Senator LaMantia and Representatives Darby and Guillen are vital to establishing that framework.”
Senator LaMantia (D-South Padre Island) stated: “Liability issues play a critical role in a business’ decision of whether to invest in a state. By passing this legislation, we can ensure that Texas will remain economically competitive when it comes to energy projects.
“Liability protections for carbon capture facilities are key to maintaining Texas’ energy dominance,” said Representative Drew Darby (R-San Angelo). “That is why I am working alongside my colleagues to send a clear message to the energy industry that Texas is open for business.”