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Fed Govt advised to amend Offshore Petroleum Act 2006 to ease offshore access and property rights for CCS: states encouraged to facilitate CO2 dump projects

Posted by gmarkets on 3 September, 2007

The Federal Government intended to underpin amendment to the Offshore Petroleum Act 2006 with a regulatory regime which is expected to ‘establish the methods for selecting storage sites and then regulating and monitoring the storage activity’, said the report ‘Between a rock and a hard place: The science of geosequestration’ released by the Federal House of Representatives Standing Committee on Science and Innovation on 13 August 2007. States encouraged to mirror legislation: “In its May 2007 budget, the Australian Government committed itself to amending the Offshore Petroleum Act 2006,” the report said. “The Government believes that amending the Act will ‘facilitate access and property rights for offshore legislation’ for CCS and encourage the states to ‘introduce mirror legislation to facilitate [CCS legislation] within their own jurisdictions’. Specifically with regard to onshore legislation, a state jurisdiction, the Australian Government expects that the states will examine the CCS regulatory principles established by the MCMPR and ‘seek to introduce their own legislation to facilitate carbon capture and storage projects’.”

Assessment, analysis and monitoring: “The Australian Government has announced that the amendment to the Offshore Petroleum Act 2006 will be underpinned by a regulatory regime which is expected to ‘establish the methods for selecting storage sites and then regulating and monitoring the storage activity’. The regulatory system is expected to cover:

• assessment and approval of proposed activities;

• risk and site analysis; and

• the monitoring required for long-term storage and data analysis.”

Reference: ‘Between a rock and a hard place: The science of geosequestration’. House of Representatives, Standing Committee on Science and Innovation, August 2007, Canberra. For Media comment: contact the Committee Chair, Mr Petro Georgiou MP. Phone: (02) 6277 4419 or the Deputy Chair, Mr Harry Quick MP. Phone: (02) 6277 4304. For information: contact the Committee Secretary. Phone: (02) 6277 4150. Issued by: Liaison and Projects Office, House of Representatives. Phone: (02) 6277 2392. Copies of the report can be obtained from the website:
http://www.aph.gov.au/house/committee/scin/geosequestration/index.htm

Erisk Net, 13/8/2007

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