The term “engineered hazard” includes the location and completion history of any well that could affect potential sequestration.
The term “sequestration formation” means a deep saline formation, unmineable coal seam, or oil or gas reservoir that is capable of accommodating a volume of industrial carbon dioxide.
The Secretary shall consult with the Secretary of Energy and the Administrator of the Environmental Protection Agency on issues of data sharing, format, development of the methodology, and content of the assessment required under this section to ensure the maximum usefulness and success of the assessment.
The methodology developed under this section shall be updated periodically (including at least once every 5 years) to incorporate new data as the data becomes available.
As part of the drilling program under paragraph (2), the Secretary shall enter, as appropriate, into partnerships with other entities to collect and integrate data from other drilling programs relevant to the sequestration of carbon dioxide in geological formations.
The national assessment developed under this section shall be updated periodically (including at least once every 5 years) to support public and private sector decisionmaking.
There is authorized to be appropriated to carry out this section $30,000,000 for the period of fiscal years 2008 through 2012.