From Bureau of Economic Geology, The
University of Texas at Austin (www.beg.utexas.edu).
For more information, please contact the author.
Bureau Seminar, September 15, 2009
Geological Sequestration: What is the current status of the legal and regulatory
environment with the U.S.
and ongoing issues that need reconciliation?
Veronica Brieno Rankin, LL.M.,
GeoSeq™ International, LLC
The technology of carbon dioxide capture and sequestration (CCS) is increasingly being considered among many countries a viable alternative to meeting present and future energy demands, while reducing atmospheric greenhouse gas emissions (GHG). As a follow up to the G8 Gleneagles 2005 Plan of Action, the G8 expressed its commitment at the 2008 Hokkaido Toyako Summit in Japan to support the launch of 20 large-scale demonstration projects by 2010 and to facilitate the broad deployment of CCS by 2020. At the G8 Summit 2009 in Italy, the G8 reaffirmed its 2008 commitment by supporting the acceleration of regulatory frameworks and investment schemes, the development of technology roadmaps, and the collaboration with the private sector to advance the construction and operation of CCS demonstration projects. The purpose of this presentation is to discuss the current status of the legal and regulatory environment within the U.S. and identify ongoing issues that need to be reconciled in order to support the wide-scale deployment of CCS in accordance with the G8 schedule.
Ms. Veronica Brieno Rankin, LL.M., is Founder and President of GeoSeq™ International, LLC. As a hydrogeologist and international legal/regulatory professional, she has advised leading venture capitalists and provided support to State-level governmental agencies regarding CCS. Her recent efforts included serving as a New York State (NYS) CCS public outreach advisor and advisor to the NYS CCS Task Force on CCS risk management issues. She presently serves as an International Scientific Advisory Board Member for the European Union (EU) SafeCO2 Collaborative proposed project, Sapienza Universita di Roma, Italy and is a Work Group Member of the International Energy Agency (IEA) CCS Roadmap/ Metrics Work Group and IEA CCS Regulator’s Network.