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The prospect has prompted the oil industry and some North Dakota leaders to criticize the tax requirement in recent weeks, as many advocates have responded to U.S. sanctions on Russian output with calls for a friendlier environment for domestic production.
watch live “The market is asking for low carbon alternatives for their industry, and we need to give the market what they’re looking for,” said Rep. Glenn Bosch, R-Bismarck, who introduced the bill. Wall Street's interest in socially and environmentally conscious investing has grown in recent years, a trend that has presented major roadblocks to expensive energy development projects in North Dakota. Gov. Doug Burgum has often noted the need to put a more positive brand on the state's coal and oil industry projects, while leaders of North Dakota's high profile carbon capture pilot progra...
Top North Dakota lawmakers see reasons to be both cautious and optimistic in the state's revenue outlook.