CLEAR Coalition Supports a Fair Drilling Tax

Monday, March 31, 2014

The CLEAR Coalition today reiterated its support for a shale excise tax and applauded efforts led by Sen. Vincent Hughes to force oil companies reaping profits from Pennsylvania to pay their fair share.

Sen. Hughes, the Minority Chair of the Senate Appropriations Committee, announced plans to introduce legislation to impose a 5-percent severance tax on natural-gas drilling in the state's Marcellus Shale region. The tax would generate more than $1 billion in new funding for the state by 2020.

CLEAR represents more than 1.1 million nurses, teachers, first responders, healthcare providers and other public employees across Pennsylvania. In addition to a shale excise tax, the Coalition supports efforts to modernize and improve the PA Liquor Control Board (PLCB) and the PA Lottery to enhance consumer convenience and increase state revenues.

"Gov. Corbett's budget policies have failed miserably and it's time to change course. We're in the governor's 4th year and the state is looking at a budget deficit of close to $1 billion. It's time that Tom Corbett step up and represent Pennsylvanians – not huge, multi-national oil companies," said Kathy J-ellison, President of SEIU Local 668.

"There is no good reason why Pennsylvania is the only significant natural gas producing state in the nation that does not impose an excise tax. It's time that big oil pay their fair share."

The Philadelphia Daily News reported today that Pennsylvania was the second-largest gas-producing state in the country, according to preliminary 2013 data, but is the only one among the top 11 gas-producing states that does not tax the industry.

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

US Plans to Shut Royalty Loophole on Coal Exports

U.S. coal companies will no longer be able to settle royalties at low domestic prices when they make lucrative sales to Asia according to reforms proposed by the Interior Department on Friday.

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

Energy

Liquefaction Terminals to Dominate LNG Capital Expenditure

Capital expenditure (Capex) on global LNG facilities is expected to total $259 billion (bn) over the period 2015-2019, with investments expected to be 88% larger

Polarcus Awarded 3D Project Off West Africa

Polarcus Limited has signed a letter of intent with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa.   The project,

EGAS Tenders for as many as 48 LNG Cargoes

Egypt's state-owned gas company EGAS has tendered to buy at least 48 cargoes of liquefied natural gas (LNG) for delivery in 2015/16, three traders said. A senior

LNG

Liquefaction Terminals to Dominate LNG Capital Expenditure

Capital expenditure (Capex) on global LNG facilities is expected to total $259 billion (bn) over the period 2015-2019, with investments expected to be 88% larger

Wärtsilä to Begin Building LNG Terminal in January

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

EGAS Tenders for as many as 48 LNG Cargoes

Egypt's state-owned gas company EGAS has tendered to buy at least 48 cargoes of liquefied natural gas (LNG) for delivery in 2015/16, three traders said. A senior

Government Update

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

MARAD Publishes US ATB, ITB Database

The U.S. Maritime Administration (MARAD) released what it is calling a first-of-its-kind public database that chronicles U.S.-flagged, privately owned domestic

Costa Rica Approves APM Terminals Project

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said on Friday Costa Rica's environment agency had approved the construction of its Moin Container Terminal project.

 
 
Maritime Careers / Shipboard Positions Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1618 sec (6 req/sec)