Section 30
Injection levy
of Carbon Capture, Utilization and Storage Act 2025
The Minister shall, by order published in the Gazette, pursuant to the recommendation made by the Agency, determine the rates of the injection levy to be paid by the offshore operator for the purpose of long-term monitoring of each storage site by the Government, after the Agency consults the relevant competent technical entity.
(2)
The rates of injection levy—
(a)
shall be determined based on the risk and probability of risk of each storage site; and
(b)
shall not be increased due to withdrawals from the Fund or risks associated with other offshore storage projects.
(3)
Subject to subsection (2)—
(a)
the Agency may review the rates of injection levy for every five years, after consultation with the relevant competent technical entity; and
(b)
the offshore operator as it thinks necessary may request for the Agency to review the injection levy rates.