Congressman Intros Natural Gas Repeal Act to Axe IRA Methane Tax

After the shocking news that U.S. Senator Joe Manchin had sold out his state and the entire country by agreeing to support the misnamed Inflation Reduction Act (IRA) bill last summer, the details began to come out about just how bad this bill really is for the oil and gas industry. First and foremost, it slaps a new tax on natural gas production (see Joe Manchin’s Green New Deal Cave Slaps O&G with Big Methane Tax). We brought you a deep dive into how this onerous new tax will work (see A Closer Look at New Manchin Methane Tax – Part of IRA). Yesterday, Congressman August Pfluger (Republican from Texas), introduced H.R. 484, the "Natural Gas Repeal Act" which will eliminate the Natural Gas Tax imposed by President Joe Biden in the IRA. Love it!

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