State approved aggregators shall do the following:

1. (1) Gather the required information for each offset from participating landowners with whom they are contracted;
2. (2) Submit offset documentation to the Commission pursuant to these rules;
3. (3) Have verified by this program at least ten percent of the Oklahoma carbon contracts on which the applicant, applicant's company or representative is a contract signatory;
4. (4) Maintain a monetary reserve to cover offset buyer losses caused by reversal;
5. (5) Utilize safeguards to ensure that the risk of reversal is minimized and that, should any reversal occur, a mechanism is in place that guarantees that the reductions or removals will be replaced or compensated;
6. (6) Establish and implement acceptable protocols for landowner contract non-compliance;
7. (7) Track project information as required;
8. (8) Report offset information to the state carbon offset registry pursuant to these rules;
9. (9) Disseminate to the public reliable information about carbon sequestration in Oklahoma;
10. (10) Encourage landowners to maintain contracted practices that sequester carbon and that result in the sequestered carbon remaining in place at least through the duration of the contract; and

11. (11) Include the following information in landowner contracts:

    1. (A) Length of time the carbon sink shall be maintained;
    2. (B) Verification requirements;
    3. (C) Compensation protocol;
    4. (D) Reserve stipulations;
    5. (E) Landowner non-compliance stipulations; and
    6. (F) Clear explanation of who owns the rights to the offset.

(For information about related emergency rules, see Editor's Note at beginning of Chapter)

Added at 26 Ok Reg 1388, eff 7-1-09