News

  • Energy Tax Facts
  • 10 Sep 21

Natural Gas Intelligence: U.S. Oil, Natural Gas Trade Groups Warn Proposed Methane Tax Could Backfire

Nearly 130 business and labor groups led by the American Petroleum Institute (API) are urging Congress to oppose a proposed tax on oil and gas methane emissions and instead push for direct federal regulation. Senate Democrats are considering the Methane Emissions Reduction Act of 2021 for inclusion in their $3.5 trillion budget reconciliation bill.  Introduced by Democratic […]

, , , ,
  • Energy Tax Facts
  • 8 Sep 21

Methane emissions tax: The wrong path to manage methane in Kansas and beyond

By Edward Cross, President of the Kansas Independent Oil & Gas Association The Biden administration announced that it will be revising and expanding federal regulation of methane emissions. States are actively implementing their own regulations. And yet, now, Congress is considering an inappropriate and unworkable methane emissions tax. The Methane Emissions Reduction Act is unnecessary […]

, ,
  • Energy Tax Facts
  • 8 Sep 21

Hydrocarbon Engineering: API leads organisations in opposing Methane Emissions Reduction Act

The American Petroleum Institute (API) and 130 energy, manufacturing, business and labour trade organisations across the natural gas and oil supply chain recently sent a letter to the US Senate Committee on Environment and Public Works opposing legislation that would place a fee on methane. The organisations, led by API, explain that the proposal is […]

, ,
  • Energy Tax Facts
  • 8 Sep 21

Pennsylvania Business Report: Marcellus Shale Coalition urges lawmakers to oppose methane tax

The Marcellus Shale Coalition, along with the Gas & Oil Association of West Virginia, and the Ohio Oil and Gas Association, is urging the congressional delegation from Pennsylvania, West Virginia and Ohio to oppose a proposed methane emissions reduction tax that is included in the federal budget reconciliation bill currently being negotiated by Congress. Of […]

, , , ,
  • Energy Tax Facts
  • 26 Aug 21

The Hill: Oil producers push Democrats to preserve key drilling deduction

The U.S. tax code allows companies to recover the cost of drilling for oil and gas and preparing oil wells for production, a provision that helps boost U.S. oil production but has drawn criticism from environmental groups and Democratic lawmakers. Senate Finance Committee Chairman Ron Wyden (D-Ore.), who wields significant influence over tax changes in the reconciliation package, is […]

  • Energy Tax Facts
  • 13 Aug 21

Journal Record: Simmons : Intangible drilling costs deduction in crosshairs

By Brook A. Simmons, President of The Petroleum Alliance of Oklahoma The absurdity of U.S. President Joe Biden’s energy and national security policy becomes clearer by the day. Having committed his presidency to creating artificial U.S. energy scarcity by blocking pipelines, slowing crude oil and natural gas development on federal lands, and tying the U.S. energy […]

,
  • Energy Tax Facts
  • 12 Aug 21

PennLive: Removing tax provisions for energy hurts American consumers in more ways than one

By Jeff Kupfer, a former acting deputy secretary of energy in the Bush administration and an adjunct professor of policy in Carnegie Mellon University’s Heinz College It’s no secret that President Joe Biden is planning to use every tool at his disposal to wage an aggressive fight against climate change. Starting on his first day […]

,
  • Energy Tax Facts
  • 9 Aug 21

The Hill: “Tax hikes on energy will hurt the economy and America’s competitiveness”

BY BERNARD L. WEINSTEIN, OPINION CONTRIBUTOR Looking for ways to help pay for his $1 trillion infrastructure plan, President Biden has aimed his sights at the oil and gas industry. Among other proposals, the administration wants to raise the corporate tax rate from 21 percent to 28 percent and replace fossil fuel “subsidies” with clean energy incentives. Proponents estimate […]

,