A well-structured severance tax on natural gas production will protect Pennsylvania taxpayers from shouldering the public costs that come with increased drilling, according to a PBPC report released today.
"Natural gas extraction in the Marcellus Shale has substantial risks and substantial costs that have not yet been fully explored in the rush to drill,” said Sharon Ward, Director of the non-partisan policy research center. “A severance tax is a well-tested mechanism to shift these costs back to producers, where they belong.”
The report, “Responsible Growth: Protecting the Public Interest with a Natural Gas Severance Tax,” examines the potential costs of increased natural gas drilling on taxpayers and the environment, how severance taxes are structured in other states, and what lessons Pennsylvania can learn from them. (click here for full announcement and a copy of the report.)
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