or verifiably purchased by the producer of a covered product as an offset from an entity operating carbon capture infrastructure, shall have the effect of reducing the pollution associated with the production of a covered product if such carbon oxide is— (i) utilized in the creation of a contributing part, component part, transforming part, or covered product, (ii) utilized to help access a contributing part, component part, transforming part, or covered product that is extracted from a geologic formation, or (iii) verifiably sequestered in the country of origin of such product in a manner which provides an accurate accounting of the storage of such carbon oxide. (B) Accounting Any carbon oxide utilized or sequestered as described in subparagraph (A) shall be— (i) treated as a reduction in pollution associated with the production of a covered product based on the total tons of carbon oxide utilized or sequestered, and (ii) eligible to offset all forms of pollution based on the relevant carbon dioxide equivalent value. (5) Treatment of covered products with multiple parts (A) In general In the case of a covered product described in subparagraph (B) which contains any covered component part or covered transforming part, to the maximum extent practicable, the pollution intensity of such covered component part or covered transforming part shall be calculated based on— (i) the amount of such covered component part or covered transforming part originating in each country of origin (including the United States) which supply such covered component part or covered transforming part for the covered product, and (ii) the pollution intensity associated with production of such covered component part or covered transforming part within the country of origin. (B) De minimis rule For purposes of subparagraph (A), a covered component part or covered transforming part shall not be included if such covered component part or covered transforming part accounts for less than 5 percent of— (i) the total weight of the covered product,