Document ID: chunk:federal_register_of_legislation:F2024C01250:clause:2_5
Version: federal_register_of_legislation:F2024C01250
Segment Type: clause
Provision Reference: sch 2 cl 5
Character Range: 79901–81207

5  Risks relating to containment of greenhouse gas substances
 (1) Information about any risks to the containment of greenhouse gas substances that have been identified that were not included in the application for the declaration of the part of the formation as an identified greenhouse gas storage formation.
Note: The following are examples of things that could pose risks to the containment of greenhouse gas substances:
(a) a leakage of a greenhouse gas substance from a well bore;
(b) a leakage of a greenhouse gas substance during its transport for the purpose of injection into the formation;
(c) a leakage of a greenhouse gas substance at the point of injection into the formation;
(d) abandoned wells that could adversely affect the formation.
 (2) Details of the risk assessment analysis used by the applicant to identify each risk mentioned in subclause (1), including the following information for each risk:
 (a) a description of the risk;
 (b) the possible consequences of the risk;
 (c) an assessment of the probability of occurrence of the risk;
 (d) the strategies for eliminating the risk or reducing the risk to as low as is reasonably practicable;
 (e) if the risk has been, or will be, reduced but not eliminated—information demonstrating that the remaining risk will be acceptable.