Natural Gas Tax Repeal ActThis bill eliminates a program administered by the Environmental Protection Agency that provides support for reducing methane emissions from the oil and gas sector. It also repeals a charge on methane emissions from facilities that contain petroleum and natural gas systems and emit 25,000 metric tons or more of greenhouse gases per year.
Impact
The repeal of the natural gas tax is anticipated to have significant ramifications within state and federal energy policy. Proponents argue that eliminating this tax will enhance competitiveness in the natural gas industry, particularly in a market where energy prices fluctuate. Consequently, they anticipate an increase in natural gas production and related economic activity. However, critics caution that repealing this tax may undermine efforts to regulate methane emissions, which are a potent greenhouse gas contributing to climate change. This tension between economic benefits and environmental protection is a central theme in the discussion surrounding SB143.
Summary
SB143, known as the Natural Gas Tax Repeal Act, proposes the repeal of the natural gas tax established under Section 136 of the Clean Air Act. This section originally aimed to incentivize methane emissions reductions and implement waste reduction programs specifically for petroleum and natural gas systems. The bill seeks to eliminate this tax, which has implications for both the natural gas industry and environmental policy at a national level. The intent behind this legislative move is to alleviate financial burdens on natural gas producers, potentially making it easier for them to operate without the added cost of this taxation.
Contention
A notable point of contention regarding SB143 lies in the balance between economic interests in the energy sector and the broader implications for environmental regulations. Supporters of the bill contend that repealing the tax will foster economic growth and energy independence by bolstering the natural gas sector. Conversely, opponents caution that such a repeal may lead to increased methane emissions, further exacerbating environmental challenges and undermining federal efforts to combat climate change. This debate highlights the ongoing struggle to reconcile economic development with environmental stewardship, a dynamic that is likely to shape the legislative landscape surrounding energy policy.
Identical bill
Natural Gas Tax Repeal ActThis bill eliminates a program administered by the Environmental Protection Agency that provides support for reducing methane emissions from the oil and gas sector. It also repeals a charge on methane emissions from facilities that contain petroleum and natural gas systems and emit 25,000 metric tons or more of greenhouse gases per year.
Natural Gas Tax Repeal Act This bill eliminates a program administered by the Environmental Protection Agency (EPA) that provides incentives for petroleum and natural gas systems to reduce their emissions of methane and other greenhouse gases. It also repeals a charge on methane emissions from specific types of facilities that are required to report their greenhouse gas emissions to the EPA's Greenhouse Gas Emissions Reporting Program.
Marginal Well Protection Act This bill amends the Clean Air Act to exclude certain facilities from reporting and payment requirements related to methane waste emissions. Under the bill, the requirements do not apply to facilities that produce less than 15 barrels of oil per day and less than 90 thousand cubic feet of natural gas per day.