Monday, August 31, 2009

Governor Takes Natural Gas Severance Tax Off The Table

At a press conference this afternoon, Gov. Rendell said he was taking the natural gas severance tax proposal, that he and environmental and local groups were supporting, off the table for this budget season.
He said he would work with the natural gas industry to develop a proposal that everyone could support.
He said many people were concerned about adopting a severance tax too early and choking off investments the natural gas industry was making in Pennsylvania to drill in the Marcellus Shale formations.

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