Tag: Budget Reconciliation

  • Energy Tax Facts
  • 23 Sep 21

The Center Square: Texas upstream oil and gas sector adds jobs, threatened by proposed natural gas tax association argues

“Oil and natural gas demand is poised to surge over the next 6-12 months,” Ed Longanecker, president of TIPRO, said in a statement. “Bullish fundamentals set up oil prices and the industry for strong returns over the next few years, which will have a positive impact on industry employment and economic growth for our state […]

  • 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

Energy, Manufacturing, Labor And Business Groups Urge Senate To Oppose Punitive Natural Gas Tax

The American Petroleum Institute (API) and 130 energy, manufacturing, business and labor trade organizations across the natural gas and oil supply chain sent a letter to the U.S. Senate Committee on Environment and Public Works opposing legislation that would place a fee on methane. The organizations, led by API, explain that the proposal is a “pay-for” that […]

  • Energy Tax Facts
  • 7 Sep 21

AGA-led Natural Gas Industry Letter to Congress on Methane Fees

On behalf of the companies and associations that make up the natural gas supply chain and the 180 million Americans and the 5.5 million businesses that rely on natural gas, we would like to express our concerns about including a methane emissions fee or tax in budget reconciliation legislation. Through numerous programs and initiatives, our […]

  • Energy Tax Facts
  • 7 Sep 21

Sen. Kevin Cramer (R-ND) Writes to Dem. Congressional Leaders Opposing Methane Emissions Tax

The letter focuses on the negative impact of a fee on methane emissions from oil and natural gas facilities, a plan based on Democratic legislation known as the Methane Emissions Reduction Act of 2021. This proposal would assess an escalating $1,800 per-ton fee on businesses based on their share of activity in a particular geologic […]