Section 41
of Carbon Capture, Utilization and Storage Act 2025
ActIn forceProvision 41 of 53
Section 41
(1)
A fund to be known as the “Post-Closure Stewardship
Fund” is established and shall be administered and controlled by the Agency.
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Act 870
(2)
The Fund shall consist of—
(a)
any sums as provided by the Government for the purposes of this Act;
(b)
any injection levy made by offshore operators to the Agency for the purpose of providing financial support to the Government to cover any cost involved in long-term monitoring, corrective measures and remediation measures of the storage site after the transfer of obligations pursuant to section 32 or 40, as the case may be, has occurred; and
(c)
all monies earned from investments financed from the
Fund including interest income.