92 Financing of costs of decommissioning etc
Energy Act 2023 (2023 c 52) | Legislation

Chapter 2
Decommissioning of Carbon Storage Installations

Financing of costs of decommissioning etc

92  Financing of costs of decommissioning etc

(1)     The Secretary of State may by regulations make provision for requiring relevant persons to provide security for the performance of obligations relating to the future abandonment or decommissioning of carbon dioxide-related sites, pipelines or installations.

(2)     For the purposes of subsection (1) an installation, site or pipeline is “carbon dioxide-related” if it is, or is to be, used for a purpose related to the geological storage, or transportation, of carbon dioxide.

(3)     In this section references to an installation, site or pipeline include one that is located in, under or over—

(a)     the territorial sea adjacent to the United Kingdom, or

(b)     waters in a Gas Importation and Storage Zone (within the meaning given by section 1 of the Energy Act 2008).

(4)     The following provisions

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