News

North Dakota’s regulatory framework for geologic sequestration of carbon dioxide (CO2) is leading the nation again today as the North Dakota Industrial Commission approved the first Class VI well in North Dakota. North Dakota was the first state to receive primacy of Class VI wells from the U.S. Environmental Protection Agency (EPA) in 2018, followed only by Wyoming in 2020.

The North Dakota Industrial Commission approved program guidelines today and is currently accepting financial assistance applications through Nov. 1, 2021, for the Clean Sustainable Energy Authority.

Al Anderson was named by the North Dakota Industrial Commission to serve as the director of the North Dakota Clean Sustainable Energy Authority (Authority) effective today Sept. 27, 2021.

The North Dakota Industrial Commission is currently accepting public comment through Sept. 14, 2021, regarding the Clean Sustainable Energy Authority (Authority) draft guidelines.

The North Dakota Industrial Commission is currently accepting applications through September 1, 2021, for the North Dakota Outdoor Heritage Fund Program.

The Industrial Commission named Interim Bank of North Dakota (BND) President Todd Steinwand as President of the Bank at its meeting on July 27, 2021. Prior to acting as interim President, Steinwand served as BND’s Chief Business Development Officer. Steinwand, succeeds Eric Hardmeyer, who held the position for 21 years, the longest-serving president in the Bank’s 102-year history.

The North Dakota Industrial Commission today approved $5.8 million in Outdoor Heritage Fund matching grants for 16 conservation and recreation projects benefiting North Dakotans across the state. The funding, generated from oil and gas production tax revenue, supports projects such as access to public and private lands for sportsmen, farming and ranching stewardship practices, fish and wildlife habitat preservation and outdoor recreation areas.

The North Dakota Industrial Commission has approved changes to North Dakota Housing Finance Agency’s (NDHFA) North Dakota Roots program that will allow the NDHFA to finance mortgage loans for higher-income individuals and families and to refinance residential real estate loans.

The North Dakota Industrial Commission today approved two new Bank of North Dakota (BND) loan programs to help the state’s livestock producers cover expenses related to the extreme drought conditions in the state. Producers must work with their local lender to determine if the programs are appropriate for their situation and make application through them.

The North Dakota Industrial Commission (Commission) has awarded $520,890 in Renewable Energy Program matching funds for two projects that enhance renewable energy while providing options for underground storage of carbon dioxide.