sch.6-sec.7Facility used to carry out a GHG storage activity

sch.6-sec.7 Facility used to carry out a GHG storage activity

The safety and health fee payable by the operator (the relevant GHG storage facility operator ) of a facility, including a GHG well, or a series of GHG wells, and associated storage and injection equipment used to carry out injection of a GHG stream into the same or associated reservoirs that are part of the 1 GHG project (a relevant GHG storage facility ) is 13,870 fee units for each GHG project for which any work was started by the operator during the year. However, if the amount of the safety and health fees calculated under subsection (1) for all operators of relevant GHG storage facilities during the year is more than the costs estimate for the category of liable person mentioned in section 155 (2) (h) for the year, the fee payable by the relevant GHG storage facility operator is the amount worked out using the formula— where— C means the costs estimate. F means the number of relevant GHG storage facilities operated by the relevant GHG storage facility operator during the year. T means the number of relevant GHG storage facilities operated by all operators during the year. sch 6 pt 3 s 7 amd 2019 SL No. 80 s 55 ; 2020 SL No. 107 s 42 ; 2021 SL No. 75 s 35 ; 2022 SL No. 68 s 17 (sch.6-sec.7-ssec.1) The safety and health fee payable by the operator (the relevant GHG storage facility operator ) of a facility, including a GHG well, or a series of GHG wells, and associated storage and injection equipment used to carry out injection of a GHG stream into the same or associated reservoirs that are part of the 1 GHG project (a relevant GHG storage facility ) is 13,870 fee units for each GHG project for which any work was started by the operator during the year. (sch.6-sec.7-ssec.2) However, if the amount of the safety and health fees calculated under subsection (1) for all operators of relevant GHG storage facilities during the year is more than the costs estimate for the category of liable person mentioned in section 155 (2) (h) for the year, the fee payable by the relevant GHG storage facility operator is the amount worked out using the formula— where— C means the costs estimate. F means the number of relevant GHG storage facilities operated by the relevant GHG storage facility operator during the year. T means the number of relevant GHG storage facilities operated by all operators during the year.