1. (a) To meet minimum qualifications for a carbon storage exploration license or carbon storage lease, an applicant must

   1. (1) be a person or entity qualified under AS 38.05.190(a);

   2. (2) prove to the satisfaction of the commissioner that the applicant has sufficient technical background and experience to carry out the exploration and development of the property, including

      1. (A) the ability to undertake and complete large-scale projects involving infrastructure construction or industrial-scale facility operations involving carbon storage, gas storage, hydrocarbon developments, or other similarly complex projects; and
      2. (B) experience obtaining federal or state permits involving carbon storage, oil and gas, mining, environmental compliance, or industrial development permitting; and
   3. (3) provide any additional information requested under 11 AAC 88.115.
2. (b) The commissioner may consider an applicant's history of compliance with AS 35, AS 38, and this title when determining whether an applicant is qualified to apply for, bid on, or receive an interest in a carbon storage exploration license or carbon storage lease.

(Eff. 2/16/2025, Register 253)

Authority: AS 38.05.020, AS 38.05.705, AS 38.05.715, AS 38.05.700, AS 38.05.710, AS 38.05.720