SB739 SFAT Tarr #1 2-27

Stewart  7853

Senator Tarr moved to amend the bill by striking out the title and substituting therefor a new title, to read as follows:

Eng. Senate Bill 739—A Bill to amend the Code of West Virginia, 1931, as amended, by adding thereto a new article, designated §22-11C-1 and §22-11C-2, all relating to the declaration of a moratorium for 60 days on entering into contracts or agreements selling, leasing, letting, or otherwise transferring property rights relating to any carbon storage, carbon capture, carbon sequestration, or similar agreements, in order to give the Legislature time to deliberate and pass laws as may be determined to be necessary to prevent or mitigate substantial economic harm to West Virginia citizens; making legislative findings; and declaring that the 60 day moratorium shall not apply to any contract or other agreement selling, leasing, letting, or otherwise transferring property rights relating to the geological sequestration or storage of carbon unless such geological sequestration or storage interferences with the severance of coal, oil, gas or other minerals.

Adopted

Rejected