RGGI Carbon Tax Soars from $9.30/Ton of CO2 to $13/Ton!
The so-called Regional Greenhouse Gas Initiative (RGGI), a tax on carbon dioxide emissions from coal and natural gas-fired power plants aimed at killing off those two sources of energy, is more expensive than ever. Pennsylvania Gov. Tom Wolf has proposed forcing PA to join the RGGI cabal of 11 states (most of them in the northeast), a move now endorsed by PA Attorney General Josh Shapiro (see today’s companion story, PA AG Shapiro Signs Off on RGGI Carbon Tax…After Criticizing It). In the most recent RGGI “auction” of so-called allowances, bidders paid an average of $13 per allowance–per short ton of CO2 emitted.
Read More “RGGI Carbon Tax Soars from $9.30/Ton of CO2 to $13/Ton!”
The Pennsylvania Department of Environmental Protection (DEP), lapdog of leftwing Gov. Tom Wolf, tried to bypass the state legislature and secretly push through and get adopted a proposed regulation on the state joining the highly controversial Regional Greenhouse Gas Initiative (RGGI), a multi-state compact to limit carbon emissions from power plant operators (a carbon tax). The DEP just got caught red-handed.
West Virginia, the state legislature in particular, is up to its collective neck in a mess of its own making. The legislature passed House Bill (HB) 2581 on the last day of the annual WV legislative session in April. HB 2581 changes how the State Tax Department values producing oil and gas wells for property tax purposes (see 
Pennsylvania’s Independent Fiscal Office (IFO) provides revenue projections for use in the state budget process along with impartial and timely analysis of fiscal, economic, and budgetary issues to assist PA residents and the General Assembly in their evaluation of policy decisions. The IFO published its Monthly Economic Update yesterday (for October). The update contains good news for PA residents, all of whom benefit from the state’s Act 13 impact “fee” (i.e. tax) on Marcellus drilling. The IFO says the impact fee in 2022 (assessed on drilled and active wells as of 2021) will haul in an extra $74 million (to nearly a quarter of a billion dollars) thanks to the higher average price of the NYMEX futures index.
The American Exploration & Production Council (AXPC), which represents major oil and gas companies across the country, including many of the top producers in the Marcellus/Utica, is sounding the alarm that Joe Biden’s massive multi-trillion dollar reconciliation bill will destroy 90,000 jobs in the O&G industry and trim $9 billion out of the country’s Gross Domestic Product (GDP). The Democrat Party aims to destroy fossil fuels and the $3.5 trillion (or $1 trillion or whatever it ends up being) so-called reconciliation bill is designed to do just that.
The leftist Democrats in Congress (and The White House) are not content to use a single barrel shotgun in its attempt to murder natural gas use in the U.S. They’ve brought out the double barrel shotgun. The federal government is proposing, under the Biden EPA, sweeping new methane emission regulations. The regulations are far worse than anything even in the Obamadroid era. That’s barrel number one. At the same time, the Dems intend to slap an insanely high new tax on methane in their so-called budget reconciliation bill. That’s the second barrel.
In April, on the last day of the West Virginia legislative session for 2021, the West Virginia Senate unanimously passed House Bill (HB) 2581 which changes how the State Tax Department values producing oil and gas wells for property tax purposes (see 
In March 2020, just as the COVID-19 pandemic was beginning to enter the public consciousness, some 500 people from labor unions and industry met in Pittsburgh to launch an organization called Pittsburgh Works Together (PWT), dedicated to fighting back against those who want to end southwest PA industries including steel, natural gas, and petrochemicals (see 
The CO2 Coalition, a nonprofit established in 2015 for the purpose of educating thought leaders, policymakers, and the general public about the important contribution made by carbon dioxide to our lives and the economy, has just published a detailed analysis of Pennsylvania’s plan to join the Regional Greenhouse Gas Initiative, or RGGI (full copy below). In the report, more than 70 top scientists conclude that PA Gov. Tom Wolf’s justifications for the RGGI carbon tax “are invalid and its claims of environmental and economic benefits are fiction.”
What would you call it if your boss, the guy who hired you and keeps you employed, wants you to vote in favor of something he supports–and your job depends on that vote? Aside from the obvious gross corruption, we’d call it a clear case of conflict of interest. This is exactly what happened last week when the heads of various government agencies appointed by Pennsylvania Gov. Tom Wolf got together as members of the Environmental Quality Board (EQB) and voted to advance an economy-killing, jobs-killing, $2.6 billion new carbon tax on PA residents euphemistically called the Regional Greenhouse Gas Initiative (see