Trump Defeats United Nations Carbon Tax on Global Shipping
Nations at a meeting of the UN’s International Maritime Organization voted to delay by one year a decision on a global tax on carbon emissions from shipping. The U.S. campaigned against the measure, with President Donald Trump and other officials arguing it was an “untenable global carbon tax” that would harm the U.S. economy. The delay, a major win for Trump, was backed by 57 countries, including the U.S., Saudi Arabia, Iran, and Russia, while European nations and the UK, which had supported the regulations, were on the losing side of the vote. Read More “Trump Defeats United Nations Carbon Tax on Global Shipping”



West Virginia’s oil, gas, and coal industries are experiencing a resurgence, fueled by supportive state and federal policies. Gas & Oil Association of West Virginia (GO-WV) President Charlie Burd reports that Fiscal Year FY25 severance tax collections rose to $318 million, alongside record natural gas production, 90% of which is exported out of the state. Property taxes levied on oil and gas in the state were $428 million for FY24 (the 2025 numbers are not out yet). Burd said the O&G industry continues to directly employ around 15,000 people.
Rover Pipeline, a 713-mile natural gas pipeline, was designed to carry up to 3.25 billion cubic feet per day (Bcf/d) of Marcellus and Utica gas from Pennsylvania, West Virginia, and Ohio to destinations in Ohio, Michigan, West Virginia, and Canada. The project was completed and came online in late 2018 (see
We have some disturbing news to share, and not a lot of details (yet). Executive Order 1996-1 in Pennsylvania requires all agencies under the jurisdiction of the Governor to submit for publication (twice a year) an agenda of regulations under development or consideration. The agendas are compiled to provide members of the regulated community and the general public with advanced notice of regulatory activity. The Josh Shapiro administration published such a semi-annual list over the weekend in the Pennsylvania Bulletin. The Department of Environmental Protection (DEP) includes an item in its list of proposed new regulations that “proposes to establish an annual fee for unconventional operations.”
Data centers are all the rage these days. It seems like a new data center is announced weekly somewhere in the Eastern U.S. Ohio has its fair share of them coming to the Buckeye State (
On July 8, PA State Senator Art Haywood (Democrat from Philadelphia) introduced PA Senate Bill (SB) 910, which slaps a 6.5% severance tax on the gross production of all oil and natural gas produced in the state (see
You gotta hand it to Pennsylvania Democrats. They LOVE LOVE LOVE to tax other people’s money—especially companies and industries that they hate, like the state’s oil and gas industry. On July 8, PA State Senator Art Haywood (Democrat from Philadelphia) introduced PA Senate Bill (SB) 910, which slaps a 6.5% severance tax on the gross production of all oil and natural gas produced in the state. However, the bill goes further by repealing the provision in the 2012 Act 13 law that states that if a severance tax is ever implemented, the existing impact fee would be eliminated. In other words, Haywood’s bill eliminates the provision to end the impact fee, meaning the impact fee would remain in place. So, drillers would be taxed twice for the same thing. Fortunately, the bill is DOA in the Senate.
Yesterday, the Pennsylvania Public Utility Commission (PUC) announced the distribution of $164,592,500 in natural gas impact fees collected from producers for the 2024 reporting year. The bad news is that the impact fee raised $15 million less than it did in 2023, the prior year. The good news is that the state Independent Fiscal Office predicts the impact fee for 2025 will soar by $70 million to roughly $235 million (see
The Pennsylvania Independent Fiscal Office (IFO) is out with an initial estimate for how much money will be raised and distributed from the 2025 impact fee assessment. The IFO projects that impact fee revenue will increase by $70 million in 2025 compared to the revenue collected in 2024. IFO predicts revenues will hit around $235 million. The impact fee is PA’s version of a severance tax. The impact fee generated $164.6 million in 2024 and $179.6 million in 2023.
Rover Pipeline, a 713-mile natural gas pipeline, was designed to carry up to 3.25 billion cubic feet per day (Bcf/d) of Marcellus and Utica gas from Pennsylvania, West Virginia, and Ohio to destinations in Ohio, Michigan, West Virginia, and Canada. The project was completed and came online in late 2018 (see