The Fulton Georgia Subsurface Underground Carbon Dioxide Storage Lease and Agreement (with Landowner, Long Form) is a legally binding contract that establishes the terms and conditions for the storage of carbon dioxide in underground formations located in Fulton, Georgia. This agreement is specifically designed for landowners who wish to lease their land for the purpose of carbon dioxide storage. This long-form agreement covers various aspects related to the storage of carbon dioxide and protects both the landowner and the lessee's interests. It outlines the rights, responsibilities, and obligations of both parties involved in the agreement. Key provisions in the Fulton Georgia Subsurface Underground Carbon Dioxide Storage Lease and Agreement include: 1. Parties: Clearly identifying the names and contact information of both the landowner and the lessee. 2. Recitals: Explaining the purpose and background of the agreement, highlighting the need for carbon dioxide storage and the landowner's interest in leasing their land. 3. Definitions: Defining specific terms used throughout the agreement, such as "carbon dioxide," "storage operations," "surface facilities," and "monitoring and reporting obligations." 4. Grant and Exclusivity: Granting the lessee the exclusive right to store carbon dioxide within the specified underground formations on the landowner's property. 5. Lease Term: Specifying the duration of the lease, including any renewal options and termination provisions. 6. Storage Operations: Detailing the procedures and requirements for safe and efficient carbon dioxide storage, including the lessee's right to construct and operate surface facilities necessary for storage operations. 7. Compensation: Outlining the payment structure and any royalties or fees to be paid by the lessee to the landowner. This may include initial bonus payments, annual rental payments, and potential additional payments based on the amount of stored carbon dioxide or other agreed-upon metrics. 8. Liability and Indemnification: Allocating responsibilities for potential damages or liabilities arising from carbon dioxide storage activities and requiring the lessee to indemnify and hold the landowner harmless in case of third-party claims. 9. Insurance: Requiring the lessee to maintain adequate insurance coverage to protect against potential risks associated with carbon dioxide storage operations. 10. Compliance and Reporting: Establishing monitoring and reporting obligations for the lessee to ensure compliance with regulatory requirements and to keep the landowner informed about the operations and safety measures. 11. Confidentiality: Including provisions to protect confidential information obtained by either party during the course of the agreement. It's important to note that while the described agreement covers the general terms and conditions of a Fulton Georgia Subsurface Underground Carbon Dioxide Storage Lease and Agreement, there may be variations or additional types of agreements available depending on specific circumstances, such as agreements tailored for different land uses (e.g., agricultural or industrial) or agreements involving multiple landowners.
Fulton Georgia Subsurface Underground Carbon Dioxide Storage Lease and Agreement (with Landowner, Long Form)
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EPA's Greenhouse Gas Reporting Program (GHGRP) collects key information regarding the supply, underground injection, and geologic sequestration of carbon dioxide (CO2) in the United States.
Reservoirs that retain carbon and keep it from entering Earth's atmosphere are known as carbon sinks. For example, deforestation is a source of carbon emission into the atmosphere, but forest regrowth is a form of carbon sequestration, with the forests themselves serving as carbon sinks.
Types of Carbon Sequestration Biological Carbon Sequestration. Biological carbon sequestration is the storage of carbon dioxide in vegetation such as grasslands or forests, as well as in soils and oceans. Geological Carbon Sequestration.Technological Carbon Sequestration.
As the pressure from the injected liquid builds, the brittle rock layerknown as a caprockcan crack, allowing the CO2 to seep out back into the atmosphere. It's also possible that CO2 could leak into drinkable groundwater if injected at shallow depth near an aquifer.
Geologic carbon sequestration is the process of storing carbon dioxide (CO2) in underground geologic formations. The CO2 is usually pressurized until it becomes a liquid, and then it is injected into porous rock formations in geologic basins.
Many of our daily activities - such as using electricity, driving a car, or disposing of waste - cause greenhouse gas emissions. Together these emissions make up a household's carbon footprint. The calculator estimates your footprint in three areas: home energy, transportation and waste.
Carbon sequestration is the process by which atmospheric carbon dioxide is taken up by trees, grasses, and other plants through photosynthesis and stored as carbon in biomass (trunks, branches, foliage, and roots) and soils.
Carbon sequestration is the process of capturing and storing atmospheric carbon dioxide. It is one method of reducing the amount of carbon dioxide in the atmosphere with the goal of reducing global climate change. The USGS is conducting assessments on two major types of carbon sequestration: geologic and biologic.
This approach is known as carbon capture and storage (CCS) and it's been around for decades but has never really taken off.
UIC Class VI wells inject CO2 for long-term storage to reduce emissions to the atmosphere. Class VI well requirements are designed to protect underground sources of drinking water (USDWs). Requirements address: Siting.