Delay In Offshore Carbon Storage Regs Creates Uncertainty

By Jana Grauberger, Stephen Wiegand and Kyrie Buffa (January 5, 2023, 4:17 PM EST) -- The Infrastructure Investment and Jobs Act, or IIJA,[1] signed into law on Nov. 15, 2021, amended Section 40307 of the Outer Continental Shelfs Act to provide authority to the U.S. Department of Interior to grant leases, easements or rights of way that "provide for, support, or are directly related to the injection of a carbon dioxide stream into sub-seabed geologic formations for the purpose of long-term carbon sequestration" on the Outer Continental Shelf....

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