Impact Fees Collected From Gas Drillers Dropped in 2019
Drillers paid just over $200 million last year, about $51 million less than in 2018. The money goes to communities where drilling happens, to help offset the effects of the industry.
Economy
House Committee Takes First Step to Block Pa.’s Entry into Cap-and-Trade Program
The cap-and-trade program would address climate change by putting a price on carbon emissions. Republicans say it's a tax.
Green Energy Industry Slowed by COVID-19, But It Should Bounce Back
Energy companies work to ensure hospitals are ready to respond. Meanwhile, the solar industry has been hit hard.
Oil and Gas companies Asked, Then Received Changes to Coronavirus Stimulus Program
These companies can use federal stimulus dollars to pay off existing debt, a move critics are calling a "stealth bailout."
Report: Chesapeake Energy Plans to File for Bankruptcy
The Oklahoma-based company led the land rush in Pennsylvania that helped kick off the fracking boom a decade ago.
Decision to Build Ohio Cracker Plant on Hold Due to Pandemic
The decision was supposed to come this summer. The company says the project is still a "top priority."
A Struggling Coal Industry Is Getting Hammered by Coronavirus
“Just about everything that can go wrong, has gone wrong for the coal industry.” Demand for coal is down 35-40% this year.
Wolf Vetoes Natural Gas Tax-Break Bill
Proponents say the economic impact of the coronavirus pandemic should boost efforts to override the veto.
Why Some Financial Analysts are Questioning Viability of Appalachian Plastics Hub
They cite factors like reduced demand for natural gas due to a warmer winter and decreased prices for plastic.
Shell Suspends Construction of Beaver County Cracker Plant to Address Coronavirus Concerns
On Tuesday, Shell said it was keeping the site open. On Wednesday, it said suspending construction was in the “best long-term interest of our workforce, nearby townships” and the state.
