The General Land Office and the School Land Board have awarded six carbon capture and sequestration (CCS) leases that will generate over $130 million in signing bonus payments for the Permanent School Fund (PSF), a constitutionally created fund that helps support public education. Over the course of the 30-year term of these CCS leases, the PSF is estimated to receive over $10 billion. These six leases will cover approximately half a million acres in state-owned waters along the coast.