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Carbon Market Bill Now Tied to Legal Protections for Unproven Carbon Capture Project

Carbon Market Bill Now Tied to Legal Protections for Unproven Carbon Capture Project Senate Bill 373 originally set the foundation for a carbon market clearinghouse in Indiana, but could now protect a state-authorized carbon capture and sequestration company from lawsuits. Enrique Saenz April 8, 2021 An amendment attached to a bill originally intended to establish the foundations for a carbon market registration program in Indiana threatens to sink the bill in its current form. Senate Bill 373 seeks to establish a carbon market registration program that facilitates carbon market trading in the state and to allow the President Benjamin Harrison Conservation Trust Fund to take part.

Bill would allow Indiana to tap into carbon market

Mar 12, 2021 ANDERSON A bill described by supporters as a win-win-win passed the Indiana State Senate and has moved to the House where it’s been referred to the Natural Resources Committee. The voluntary program would be a win for farmers giving them an extra source of income for practices that not only sequester carbon but improve soil health and helps control erosion and run off. It’s a win for companies looking to offset their carbon footprint by allowing them to buy home-grown carbon credits that keep money in the state. It’s also a win for the Hoosier State as it creates revenue for the President Benjamin Harrison Conservation Trust and Clean Water Indiana.

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