Senate Dems float bill to end oil and gas incentives

oil-and-gas-Investment1By Zack Colman | The Hill

Senate Democrats introduced a bill Wednesday that would end billions of dollars worth of tax incentives for the oil-and-gas industry, Reuters reports.

Hydraulic fracturing, or fracking, in the United States has boosted oil-and-gas production and lessened the OPEC oil cartel’s influence, notes Bloomberg.

The Associated Press reports that the North Dakota Senate rejected a bill that would have tightened rules on natural gas flaring, a process in which oil companies burn off excess natural gas produced at wells.

Also:  Billionaire Moguls Fighting for and Against Renewable Energy

If you’d like to discuss energy issues, contact Court Rich, Co-Chair of Rose Law Group’s Renewable Energy Department at crich@roselawgroup.com

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