National Carbon Dioxide Storage Capacity Assessment Act of 2007
United States Senators Ken Salazar, Jim Webb and House Committee on Science and Technology Chairman Bart Gordon have introduced the “National Carbon Dioxide Storage Capacity Assessment Act of 2007.”
The carbon sequestration bill authorizes the U.S. Geological Service (USGS), in cooperation with the Department of Energy and the Environmental Protection Agency, to conduct a comprehensive inventory of the Nation’s ability to store carbon in appropriate geologic features and other natural basins. This inventory would provide data on storage locations, estimates for the volume of carbon dioxide storage capabilities and other factors.
The carbon sequestration bill will also require the USGS to develop an official methodology the assessment. When finished, this methodology will be reviewed by a panel of experts and the public, to ensure its accuracy.
The carbon sequestration bill authorizes the federal government to spend up to $20 million on the inventory process.