Pittsburgh Works Together Biz/Labor Group Condemns Wolf Carbon Tax
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 CNX CEO Backs New SWPA Group to Counter “Elites and Extremists”). The alliance is going strong and has just condemned PA Gov. Tom Wolf’s plan to force the state to join the Regional Greenhouse Gas Initiative (RGGI), nothing more than an obscene carbon tax on coal and gas-fired power plants.
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It’s nice to see Pennsylvania’s Republican legislators playing hardball with the out-of-control governor of Pennsylvania, Tom Wolf. Yesterday PA Senate Republicans wrote a letter to Gov. Wolf to advise him they will reject all future nominees to the state Public Utility Commission (PUC) until he withdraws his executive order joining the so-called Regional Greenhouse Gas Initiative (RGGI), a carbon tax scheme aimed at shutting down coal and natural gas-fired power plants in the state.
For those of us unfortunate enough to live in New York State, we’re already screwed with a corrupt governor large and still in charge (even though his actions led to thousands of COVID deaths in nursing homes and even though he’s a sexual predator). The screwing (pun intended) continues. There are bills in both the NY Assembly and Senate that aim to increase the tax on gasoline in the state by $0.55 per gallon! In addition, the bills would increase the tax on natural gas that end users pay–those who use it to heat and cook with, residences and businesses–by an extra 26%!! Translation: Move out of NY while you still can sell your house. And don’t forget to turn the lights off when you leave.
The deed is done. On Saturday, the last day of the legislative session in 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. As we told you last Thursday, the Senate version modified the bill from its original intent of allowing landowners to claim big deductions (see
Last MDN told you that the West Virginia House of Delegates had passed House Bill (HB) 2581, which changes how the State Tax Department values producing oil and gas wells for property tax purposes (see
In February West Virginia Gov. Jim Justice announced a plan to eliminate the state’s personal income tax. In order to replace the $2.1 billion received annually from the personal income tax, Justice would raise other taxes, including a tiered system that raises the state’s oil and gas severance tax…potentially by a lot (see
Some days it’s tough. You try to keep your head held high, but then you read of someone you (used to) highly respect, someone like former Secretary of the Pennsylvania Dept. of Environmental Protection, Mike Krancer, who now supports Pennsylvania being forced to join the so-called Regional Greenhouse Gas Initiative (RGGI), which is nothing more than an obscene carbon tax that would force gas-fired power plants out of existence. Krancer bases his support on the flimsiest of excuses: That the tax revenues raised by RGGI (coming out of the pockets of ALL Pennsylvanians) will help plug a few more of the hundreds of thousands of old/abandoned conventional oil and gas wells throughout the state. Really Mike?
Shale and conventional oil and gas drillers in West Virginia listen up: If you file for a modification to a previously filed permit request, it’s going to cost you $2,500. Currently, it costs nothing. Two weeks ago we told you about Senate Bill (SB) 404 (see
In February West Virginia Gov. Jim Justice announced a plan to eliminate the state’s personal income tax. In order to replace the $2.1 billion received annually from the personal income tax, Justice would raise other taxes, including a tiered system that potentially raises the state’s oil and gas severance tax…potentially by a lot (see
Shame on the American Petroleum Institute (API) and its CEO Mike Sommers. They’ve just sold out the oil and gas industry by caving to pressure from their biggest donors (companies like Exxon, Shell and Chevron), embracing a universal carbon tax on the very product they all produce–oil and gas. API is sowing the seeds of its own destruction, but either the API (Big Oil) believes it can cheat death, or is too stupid to understand the end result of their actions. Embracing a carbon tax is terrible news for the shale industry. If you work for a company that belongs to the traitorous API, pressure your management to drop its membership NOW.
Conventional (and maybe shale) oil and gas drillers in West Virginia need to be aware of a late-breaking amendment that will create a new fee (we’d call it a tax) of $100 per year for unplugged wells producing 10 Mcf (10,000 cubic feet) of natural gas. According to the amendment’s sponsor, Sen. William Ihlenfeld II (D-Ohio County), roughly 13,000 wells statewide fit that classification and would generate an extra $800,000 per year for the Department of Environmental Protection’s Office of Oil and Gas.
We have to confess we’re not impressed with West Virginia U.S. Senator Joe Manchin (Democrat). We had hoped he might be somewhat independent from the radicals in his own party and provide some balance to an out-of-control leftist agenda being pushed by Chuck Schumer and Joe Biden. Manchin is failing in that regard. He’s just another toady for his party. (We’re not surprised.) The latest evidence that Joe Manchin is not the “man of the people” and “conservative/moderate” Democrat he claims to be comes from his opposition to WV Gov. Jim Justice’s plan to phase out the state income tax–which does have implications for the shale industry.
Pennsylvania Gov. Tom Wolf continues his efforts to force his state, without approval by its citizens (via the legislature) to join the so-called Regional Greenhouse Gas Initiative (RGGI), a glorified carbon tax on coal- and gas-fired power plants. What Wolf and his lackey Pat McDonnell at the Dept. of Environmental Protection refuse to tell PA citizens is just how high the RGGI carbon tax has climbed. The U.S. Energy Information Administration reports the most recent RGGI quarterly auction, held on March 3, 2021, resulted in the highest price (tax) per ton of CO2 yet.
Make no mistake–Big Oil companies like Exxon, Chevron, and Shell are not friends of the shale industry. Indeed, these so-called supermajors despise smaller competitors called independents. Which explains why these three companies, along with seven other major oil and gas companies, acted like sycophants in a meeting yesterday, obsequiously bowing before dementia Joe’s attack dog Gina McCarthy in pledging their undying support of a carbon tax that they foolishly believe won’t somehow end up shutting down their own companies. For big, important people, the CEOs of these companies sure can be stupid.
In February West Virginia Gov. Jim Justice announced a plan to eliminate the state’s personal income tax. Who wouldn’t love that idea? But in order to replace the $2.1 billion received annually from the personal income tax, Justice would raise other taxes, including a tiered system that potentially raises the state’s oil and gas severance tax (see