AN ACT relating to natural resources.

SB 306 requires Kentucky's natural resources cabinet to negotiate agreements with neighboring states about underground carbon dioxide storage. It aims to prevent accidental CO2 leaks across state lines from being treated as trespass, establish compensation for such incidents, and allow shared storage reservoirs where geologically suitable. The bill mandates annual reports to the Governor and legislative committees on these discussions. This directly affects Kentucky and bordering states managing carbon storage projects, focusing on cooperative management rather than new restrictions.