Relating to the prohibition of specified carbon sequestration projects, and including effective date and applicability provisions

This bill relates to the prohibition of specified carbon sequestration projects. The bill defines “carbon sequestration” and “sequestered carbon dioxide”. “Carbon sequestration” means the process by which gaseous carbon dioxide is removed from the atmosphere or an industrial source and stored or captured using advanced technology. The bill defines “sequestered carbon dioxide” to mean carbon dioxide processed through carbon sequestration methods. The bill prohibits the Iowa utilities board from granting a construction permit to a pipeline project for the transportation of sequestered carbon dioxide. The bill also prohibits the Iowa utilities board from granting the right of eminent domain to a pipeline company for the construction of a carbon sequestration pipeline. The bill provides that where a pipeline company acquired real property for the purpose of constructing a carbon sequestration pipeline through the right of eminent domain or through an easement, the pipeline company shall return the real property to the prior owner and compensate the prior owner for any interference with the property resulting from carbon sequestration projects. Where a pipeline company secured an easement, the company shall terminate the easement by filing an affidavit with the county recorder’s office. The bill takes effect upon enactment. The bill applies to applications for a permit to construct a pipeline to transport sequestered carbon dioxide submitted but not yet approved prior to the effective date of the bill, and to applications for a permit to construct a pipeline to transport sequestered carbon dioxide submitted on or after the effective date of the bill.