Carbon Capture and Storage Funding Act (SA 2009, c C-2.5)

© Published by Alberta Queen’s Printer E-mail: qp@gov.ab.ca Shop on-line at www.qp.alberta.ca Alberta Queen’s Printer 5th Floor, Park Plaza 10611 - 98 Avenue Edmonton, AB T5K 2P7 Phone: 780-427-4952 Fax: 780-452-0668 Province of Alberta Office Consolidation Statutes of Alberta, 2009 Chapter C-2.5 Current as of May 27, 2013 CARBON CAPTURE AND STORAGE FUNDING ACT Copyright and Permission Statement Alberta Queen's Printer holds copyright on behalf of the Government of Alberta in right of Her Majesty the Queen for all Government of Alberta legislation. Alberta Queen's Printer permits any person to reproduce Alberta’s statutes and regulations without seeking permission and without charge, provided due diligence is exercised to ensure the accuracy of the materials produced, and Crown copyright is acknowledged in the following format: © Alberta Queen's Printer, 20 .* *The year of first publication of the legal materials is to be completed. Note All persons making use of this consolidation are reminded that it has no legislative sanction, that amendments have been embodied for convenience of reference only. The official Statutes and Regulations should be consulted for all purposes of interpreting and applying the law. Regulations The following is a list of the regulations made under the Carbon Capture and Storage Funding Act that are filed as Alberta Regulations under the Regulations Act. Alta. Reg. Amendments Carbon Capture and Storage Funding Act Carbon Capture and Storage Funding ............64/2010 1 CARBON CAPTURE AND STORAGE FUNDING ACT Chapter C-2.5 Table of Contents 1 Purpose 2 Plan and budget 3 Payments 4 Report 5 Regulations HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: Purpose 1 The purpose of this Act is to encourage and expedite the design, construction and operation of carbon capture and storage projects in Alberta. Plan and budget 2(1) The Minister of Energy shall prepare and provide to the President of Treasury Board and Minister of Finance an annual plan and budget to carry out the purpose of this Act. (2) The Minister of Energy may, on reasonable notice to the President of Treasury Board and Minister of Finance, having regard to the annual plan and budget referred to in subsection (1), make payments in accordance with section 3(2). (3) Payments under this Act shall be paid out of the General Revenue Fund. (4) The aggregate of all payments out of the General Revenue Fund under this Act shall not exceed $2 000 000 000. 2009 cC-2.5 s2;2013 c10 s33 2009 Section 3 Chapter C-2.5 2 CARBON CAPTURE AND STORAGE FUNDING ACT Payments 3(1) The Minister of Energy may make grants to carry out the purpose of this Act. (2) A payment under this Act may only be made (a) pursuant to a grant agreement entered into by the Minister, (b) pursuant to a contract for service entered into by the Minister in relation to (i) evaluating and selecting carbon capture and storage projects, or (ii) administering, monitoring or enforcing a grant agreement, or (c) in any other circumstances authorized by the regulations. Report 4 The Minister of Energy shall report in the Ministry’s annual report on the progress of carbon capture and storage projects funded under this Act. Regulations 5 The Lieutenant Governor in Council may make regulations (a) respecting requirements and conditions for making a payment under a grant agreement or contract for service; (b) respecting requirements and conditions for entering into a grant agreement or contract for service under which a payment is to be made under this Act; (c) respecting other circumstances in which a payment may be made under this Act; (d) respecting any other matter the Lieutenant Governor in Council considers necessary to carry out the purpose of this Act. Printed on Recycled Paper *9780779773602*