Clearing The Path For Deployment Of Geologic Sequestration Of CO2 In Texas

Carbon capture, use, and storage ("CCUS") is widely viewed as a critical tool for reducing atmospheric emissions of anthropogenic carbon dioxide ("CO2"). The United States, and Texas in particular, is uniquely situated to become a world leader in CCUS due to the availability of geologic storage capacity and relevant expertise and capabilities that can be drawn from the experience of the oil and gas industry with the injection of CO2 for purposes of enhanced oil and gas recovery ("EOR"). Recent actions by the Texas state legislature and the Texas General Land Office (the "GLO") signal strong support in Texas for the development of CCUS projects, particularly for the injection and geologic sequestration and storage of CO2, and help clear and define the path for onshore and offshore CCUS deployment in Texas.