Compressed Natural Gas

More oil and gas come to the United States from Canada than from any other country in the world. The U.S. is a net energy importer in terms of oil and gas trade with Canada. Canada’s energy exports to the United States were valued at $76 billion in 2009, while U.S. exports to Canada were valued at $11.5 billion.

Today, Sean Slone and I release our latest report, Green Transportation.  The report highlights several initiatives states are taking to green-up their transportation system, including developing alternative fuels and electric vehicle infrastructure, as well as adopting policies that seek to reduce the overall number of vehicles on the road.

Suggested State Legislation: This Act creates a regulatory scheme for geologic CO2 storage. It directs the statedepartment of environmental quality (DEQ) to develop standards for regulating long-term, geologic storage of carbon dioxide (CO2) in the state. The Act provides a list of specific information that is required in permit applications for CO2 storage injection wells. It allows the DEQ to issue permits for pilot-scale CO2 sequestration and storage projects under current rules and regulations. It also requires the State Oil and Gas Supervisor, State Geologist and Director of DEQ to convene a working group to develop an appropriate bonding procedure and provides a $250,000 appropriation for the working group.

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