Congressional Review Act (CRA) to reverse Biden's ill-conceived natural gas tax passed through the U.S. House of Representatives, a news release announced. The harmful natural gas tax would hurt energy producers in the Permian Basin by stifling production,
While President Donald Trump has expressed a fondness for oil and gas with his “drill, baby, drill” mantra, experts are also keeping a close eye on where he stands on alternative energy sources. Clean Energy Fuels Corp.
In the waning days of the Biden administration, the U.S. Environmental Protection Agency (EPA) doubled down on Joe Biden’s disastrous
The Independent Petroleum Association of America (IPAA) and Republican lawmakers in Congress applauded the advancement of a bipartisan resolution to repeal the Biden administration’s natural gas tax.
The repeal of Biden’s Natural Gas Tax is a major victory for American families, businesses, and energy dominance,” said Daniel Turner, Founder and Executive Director for Power The Future. “Congress is sending a clear message that they reject the eco-left’s war on American energy and stand with our working families.
Eliminating tax credits could lead to a loss of $22 billion a year in clean power investment in the U.S. In Maine, the loss would be $100 million annually, according to a report.
Of the roughly 150 bills filed in the state legislature impacting the Texas oil and natural gas industry, state lawmakers are prioritizing ways to offset market distortion created by federal subsidies granted to intermittent energy providers.