Requiring Registration and Limiting Duration of Carbon Offset Agreements

This bill would require agreements between West Virginia landowners and outside firms limiting development on that land for carbon offset purposes to register the agreements with the WV Tax Commissioner. It declares it the public policy of the state to encourage land development and timber harvesting. It limits carbon offset agreements that would impede that development to 40 years.

Sponsors: Wayne Clark

ISSUES: Climate, Land & Wildlife

CWV Position: Opposes

Status: Introduced 2/1/22, referred to Energy and Manufacturing committee, then Finance; Committee substitute introduced 2/8/11; substitute bill passed out of committee 2/9/22; first reading 3/12/22