PA Small Business Compliance Advisory Ctte Votes NO on Carbon Tax
The Pennsylvania Dept. of Environmental Protection (DEP) has a number of committees under its umbrella. Volunteers from business, non-profit groups and other sectors sit on these committees in an effort to provide helpful feedback to the department from the people who must live under the regulations (sometimes onerous) the DEP cooks up. The Small Business Compliance Advisory Committee (SBCAC) is one such committee. SBCAC has just voted against Gov. Wolf’s cockamamie plan to tax “carbon” from gas-fired electric plants.
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The price of natural gas and what it fetches (by geography) is always a top concern for both drillers and landowners. Recently the price of natgas nationwide has been trading at a 25-year low (see
It’s time for a victory lap. Pennsylvania Republicans, with the help of some brave Democrats (and former Democrats), passed and convinced Gov. Wolf to sign a bill into law that will grant tax breaks to companies willing to build brand new petrochemical plants in the Keystone State–plants that use huge quantities of Marcellus Shale gas. Wolf signed the bill yesterday, after vetoing a similar bill earlier this year. The normally chatty Wolf press operation barely mentioned his signature on the bill.
We’re pretty certain Ohio Gov. Mike DeWine (RINO) doesn’t read MDN, but we’re glad to see he took our advice from yesterday when we said he’s “stupid if he vetoes the bill to repeal House Bill (HB) 6. Does he not realize he will be given the political equivalent of an anal exam to see if his palms were greased by FirstEnergy too?! The only reason the bill passed was bribery. It’s poisoned. It must be overturned.” A day after DeWine expressed support for the bribe-ridden HB 6 that became law when he signed it last year, DeWine reversed course and now says he supports repeal of that terrible law.
In March 2016, MDN reported that 47 dumpsters full of concentrated frack waste from OH, PA and WV was illegally dumped in a Kentucky landfill in Estill County, KY (see
Earlier this week Kinder Morgan, one of (perhaps THE) largest pipeline company in the U.S., issued its second-quarter update. While most headlines blare that the company “lost” $637 million during 2Q, what they don’t say (until you read a few paragraphs in) is that it was a paper loss. Yes, revenue was down. But if you take the impairment (writedown) charge away, KM actually made $363 million in profit during 2Q. It was not, however, KM’s financial performance that caught our attention. It was the update on Marcellus/Utica projects like the Elba Island LNG export facility and a new project to expand Tennessee Gas Pipeline to provide more gas into New York City that caught our eye.
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Montage Resources, the new name for the merger of Eclipse Resources with Blue Ridge Mountain Resources which happened more than a year ago, announced yesterday it is selling its “non-core” wellhead gathering infrastructure (pipelines) in the Ohio Utica condensate development area to an unnamed international buyer for $25 million. The transaction is expected to close by the end of this year.
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Last week MDN brought you details of the
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