Relating to damages incurred due to releases of carbon dioxide from liquefied carbon dioxide pipelines or carbon dioxide facilities and including effective date provisions

This bill relates to damages incurred due to the release of carbon dioxide. The bill grants any person residing, traveling through, or visiting, or owning or leasing property, equipment, or livestock, within a 25-mile radius from the site of a release of carbon dioxide from a liquefied carbon dioxide pipeline or carbon dioxide facility standing to bring an action against the owner of a liquefied carbon dioxide pipeline or carbon dioxide facility if carbon dioxide is released from a liquefied carbon dioxide pipeline or carbon dioxide facility. The bill requires the claim to be filed within one year of the incident occurring. The bill imposes strict liability on the owner for all compensatory and punitive damages. The bill provides that any judgment lien for an action brought under the bill has priority over all other security interests or liens. The bill requires any assets held by an owner involved in bankruptcy or receivership to be held in trust for the benefit of potential carbon dioxide victim judgment lienholders for a period of one year from the owner’s last day of controlling the operations of the liquefied carbon dioxide pipeline or carbon dioxide facility or the owner’s last day of producing carbon dioxide that will be transported through a pipeline or sequestered on the property. The bill takes effect upon enactment.