Letter to W.Va. congressional delegation outlines legislation’s harm to consumers, industry
CHARLESTON, W.Va., September 2, 2021 – As Congress weighs options to fund the $3.5 trillion reconciliation package, the Gas and Oil Association of West Virginia (GO-WV) today sent a letter to West Virginia’s delegation urging against raising taxes on the American natural gas and oil industry.
“This harmful energy tax legislation would raise costs for all Americans, discourage capital investment that incentivizes innovation, and provide virtually no environment benefit,” Charlie Burd, Executive Director of GO-WV, wrote to Senators Capito and Manchin and Representatives McKinley, Mooney and Miller.
The proposed legislation, the Methane Emissions Reduction Act of 2021, would apply a blanket fee on natural gas and oil facilities at a rate of $1,800 per ton of methane and apply fees for individual companies based on the share of production or handling and the average emissions intensity in the oil and natural gas basin in which the company operates.
“We are proud of the advancements our industry has made in air quality and environmental stewardship, including reducing methane and overall greenhouse gas emissions all while increasing production and overall usage of natural gas,” Burd continued. “That said, this massive energy tax would place a harmful burden on American families and businesses, especially our manufacturing sector.”