Biggest Companies in Marcellus Warn Wolf: No New Severance Tax

don't you dareLast week 17 top Marcellus Shale-related executives–including those from CONSOL Energy, Chevron, Huntley & Huntley, MarkWest Energy, Williams and Columbia Pipeline Group–sent a letter to the Pennsylvania legislature and to PA Gov. Tom Wolf. The letter point blank said don’t slap a new/high severance tax on Marcellus Shale in addition to the already-high tax (called an impact fee). We couldn’t find a copy of the letter to share with you. However, we do have reaction from America’s most liberal governor, Tom Wolf, whose office responded with the “same tired argument” always trotted out by Wolf: he still wants to tax shale to give the money away to teachers’ unions in return for electing him to office. We don’t know how many times we have to say this: these are not empty threats by the industry. The industry is telling Wolf exactly what will happen if he institutes the tax–they’ll leave town…

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