SECTION 155:30-7-1. Applications for carbon offset registration

(a)   Obtaining an application. Persons signatory to a contract for, or owning an interest in, a carbon offset, allowance, credit or sequestration project that was not verified by the Oklahoma Carbon Program but who wish to have information related to such offset published to the Oklahoma carbon offset registry may obtain an application from the Commission.

(b)   Contents. Applications under this subchapter shall be submitted on a form provided or in a format designated by the Commission. The application shall contain, at a minimum, the following information:

(1)   The name, address, and phone number of the applicant;

(2)   The name, address, and phone number of the offset aggregator, if an aggregator has been retained;

(3)   The legal description of the physical location of the offset or project;

(4)   The name of the city nearest to the location of the offset or project, and the county in which the offset or project is located;

(5)   The type of offset and start date of the activity or project that created the offset;

(6)   An aerial photo of the land delineating the offset or project area and indicating the number of acres delineated or, in the case of geologic sequestration, an aerial photo, topographical map, or graphic depiction of the land area overlaying the reservoir that received the carbon dioxide or carbon dioxide equivalent. If the above are not available, the Commission may accept GPS coordinates of the offset or project; and

(7)   A copy of the offset purchase and sale contract or other transfer agreement, or memorandum of a contract or agreement, signed by the seller and buyer.

(c)   Fee. A fifty dollar ($50.00) fee shall accompany an application under this subchapter, and is assessed for the review of an offset that was not verified by this program and to publish offset information to the Oklahoma carbon offset registry. The fee shall be paid by check, certified check, or United States Postal Money Order. Offsets certified by the Oklahoma Carbon Program will be automatically published to the registry free of charge after all fees for verification and certification have been received by the Commission.

(d)   Filing. An application under this subchapter may be filed with the Commission at any time after the offset is verified or the contract or agreement described in subparagraph (b)(7) above is fully executed. An applicant under this subchapter should be the operator, seller, purchaser, aggregator, verifier, or other person who is a signatory party to the carbon contract or agreement.

(e)   Guidance and review. The Commission shall provide applicants with guidance including copies of any additional policies, procedures, and necessary forms for the efficient administration of the program.

[Source: (For information about related emergency rules, see Editor’s Note at beginning of Chapter); Added at 26 Ok Reg 1388, eff 7-1-09]