Incentives

Pennsylvania could secure its energy future, clean up its environment and create thousands of jobs by providing incentives for the use of natural gas as a transportation fuel, all without having to impose a severance tax on gas production in the Marcellus Shale, according to a group of state House Republicans led by Stan Saylor (R-York).

Pennsylvania could secure its energy future, clean up its environment and create thousands of jobs by providing incentives for the use of natural gas as a transportation fuel, all without having to impose a severance tax on gas production in the Marcellus Shale, according to a group of state House Republicans led by Stan Saylor (R-York).

With strong incentives from both the public and private sectors, California stakeholders in the alternative transportation fuel space opened a new research center on Tuesday aimed at cutting fuel consumption in the trucking industry by 50% in the next 10 years. Funding from the California Energy Commission (CEC) is supporting the new center.

An official with the American Petroleum Institute (API) decried a Senate provision to scrap job-creation tax incentives for major oil and natural gas producers, saying it would significantly slow the nation’s economic recovery (see Daily GPI, Aug. 18).

The Alberta government on Thursday unveiled incentives to support technologies that would accelerate development of the province’s vast unconventional and deep resource pools. During the review the government also finalized royalty curves for conventional oil and gas.

The Alberta government last Thursday unveiled incentives to support technologies that would accelerate development of the province’s vast unconventional and deep resource pools. During the review the government also finalized royalty curves for conventional oil and gas.

President Obama last week called on Congress to provide incentives for consumers who retrofit their homes to become more energy efficient, “which we know creates jobs, saves money for families and reduces the pollution that threatens our environment.” One proposal would expand “select” initiatives in the American Recovery and Reinvestment Act (ARRA) to promote energy efficiency and clean energy jobs that have been proven “to be particularly popular and effective.”

President Obama this week called on Congress to provide incentives for consumers who retrofit their homes to become more energy efficient, “which we know creates jobs, saves money for families and reduces the pollution that threatens our environment.” He also proposed an expansion of “select” initiatives in the American Reinvestment and Recovery Act to promote energy efficiency and clean energy jobs that have been proven “to be particularly popular and effective.”

The Senate Finance Committee Tuesday overwhelmingly passed an energy tax package that provides $28.5 billion in tax incentives for clean and alternative fuels, of which domestic oil and natural gas producers would pay more than $20 billion of the tab.