Friday, March 29, 2019
Monday, March 25, 2019
Senate Bill 181 could serve as a de facto moratorium on new natural gas and oil development in counties and municipalities across Colorado, as the bill provides no defined timeline in which the rulemakings associated with this section must be completed. Rulemakings of this nature are highly complex and technical and often take many months, if not years. With the uncertainty around just how many permits for new development would be held up within this process, there will inevitably be a significant impact to the tax base paid by the industry on a local and state level, swamping any revenue increases generated by new fees.
Monday, March 18, 2019
Associate Director of the Colorado Petroleum Council Chris McGowne testified that Senate Bill 181 is a misguided overreach, specifically in the area of local control. By way of illustration, under the current bill a local government could simply run out the clock and prevent an operator from ever receiving a permit from the COGCC. There are minimal sideboards on how far a local government can go. For example, they could conclude that unworkable half-mile or mile setbacks are needed to minimize adverse impacts, with no factual or scientific information that supports this argument. They could zone oil and gas out of any location from which oil and gas resources could be accessed. Local governments could insist on financial assurance that far exceeds what exists at the commission, to the extent that no underwriter would undertake such a policy.
Wednesday, February 27, 2019
Friday, February 15, 2019
Matt Todd, a Senior Policy Advisor at the American Petroleum Institute delivered the following testimony on February 15, 2019 to the EPA Public Hearing on Proposed Extension for Compliance with 2008 Ozone Standard for Denver Front Range Nonattainment Area.
Thursday, February 14, 2019
API’s Howard J. Feldman Senior Director, Regulatory and Scientific Affairs delivered testimony for the EPA hearing on Review of Standards of Performance for Greenhouse Gas Emissions From New, Modified, and Reconstructed Stationary Sources: Electric Utility Generating Units.
Tuesday, February 5, 2019
API-PA Executive Director Stephanie Catarino Wissman testified Tuesday, Feb. 5 before the PA House Environmental Resources and Energy Committee, to give a “State of the State” regarding how Pennsylvania’s power sector has hit the Paris agreement targets (reducing emissions), a leader in job creation, has helped bring in more revenue and investment for the Commonwealth and helped with overall progress in standards of living and the economy.
Thursday, January 17, 2019
Stephen Comstock, Director of Tax and Accounting Policy at the American Petroleum Institute addressed the inclusion of section 965 in the recent tax reform legislation that was meant to help address the foreign earnings “lockout” problem and transition the United States toward a modern international taxation system. As a transition provision, rules around section 965 could be approached as stand-alone guidance but API and its members believe that they should still be developed to maintain coherent tax policy and treat similarly situated taxpayers in a consistent manner.