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Missouri Ag News Headlines |
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AGs Urge Congress to Oppose Increased Natural Gas Costs
Missouri Ag Connection - 10/18/2021
Kentucky Attorney General Daniel Cameron joined a 19-state coalition in urging Congress to reject burdensome legislation that would increase fees on energy producers and hit American consumers with price hikes as heating bills surge this winter.
Cameron joined the West Virginia-led letter with attorneys general from Alabama, Alaska, Arkansas, Georgia, Indiana, Kansas, Louisiana, Mississippi, Missouri, Montana, Nebraska, North Dakota, Oklahoma, South Carolina, South Dakota, Texas, and Utah.
The coalition's letter called on leadership for two U.S. Senate committees to oppose legislation that would charge oil and natural gas producers $1,500 to $1,800 per ton of methane emissions above certain thresholds. The attorneys general cite data from industry experts showing that the Senate proposal could impose a cost of $14.4 billion and affect as many as 155,000 jobs.
The coalition notes that competing fee proposals, one in the Senate and another in the House of Representatives, come at a particularly tough time for consumers. The letter cites statistics from the American Gas Association, which estimates that increases to consumer natural gas bills could range from 12 percent to 34 percent.
The coalition's letter also argues the Senate and House proposals could inspire more emissions-focused taxes and potentially a broader carbon tax. As an example, the attorneys general note that the Environmental Protection Agency could wrongly extend the proposed methane emissions tax to agricultural operations, landfills, and coal mining, all of which produce methane.
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