Event Date and Location: 
July 10–11, 2012, Paris, France

The CSLF, in collaboration with the International Energy Agency (IEA) and the Global CCS Institute, conducted a workshop in Paris on July 10 and 11, 2012, to improve understanding of geological risks associated with CO2 storage and their relationship to financial liabilities.  This information is needed by governments to make decisions on liability management frameworks and by industry to make investment and operating decisions.  The workshop also discussed how risk and liability information can be communicated effectively.

Unclear financial liability for geologic storage, particularly in the long-term, post-closure project phase, can be a barrier to investment in Carbon Capture Utilization and Storage (CCUS) in many jurisdictions.  Such financial liability depends, in part, on the geologic risks.  Recognizing this interdependence, the Technical Group Risk Assessment Task Force (RATF) asked the CSLF Policy Group for guidance on what information should be provided by geoscientists in order to address financial liability.  This workshop was conducted in response to that request.

Attendance in the workshop was by invitation only and included experts from around the world with diverse backgrounds required to address geologic storage risks and liabilities and their relationship.  The agenda allowed ample opportunity for discussion, and all attendees were encouraged to contribute to all discussions.  The agenda included sessions on each of the issues and perspectives necessary to address the relationship between risk and liability.

Workshop Agenda and Final Report

Background Documents

Workshop Presentations

Session 2: Geological Risks

Session 3: Industry Perspective

Session 6: How Safe Is Safe Enough?