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Wyoming May Lose Hundreds of Millions in Revenue if Federal Oil and Leasing Bans Are Approved


CHEYENNE  Governor Mark Gordon pushed back against a possible federal ban on oil and gas leasing, citing a study, released today, that said that the state could lose more than $300 million per year in tax revenue were the new presidential administration to implement such a plan.
“A federal leasing ban would be a serious threat to our state’s economy,” Governor Gordon said. “The revenue challenges that we currently face would be further exacerbated by any misguided federal policies that unfairly target states with large swaths of federal land.”
In a study of 8 Western states conducted by Dr. Timothy Considine, a Professor of Energy Economics with the University of Wyoming, the value of lost production in Wyoming under a leasing moratorium during the first five years is on average $872 million. That translates to more than $300 million per year in lost tax revenue annually, which includes severance tax, ad-valorem tax , federal royalties and lease bonus payments. ....

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Environmental Value of Renewable Energy Varies Much Based on the Region


Environmental Value of Renewable Energy Varies Much Based on the Region
Written by AZoCleantechDec 15 2020
New research performed at North Carolina State University reveals that the environmental advantages of renewable power generation differ considerably based on the nature of the traditional power generation offset by the renewable energy.
Image Credit: Karsten Würth
The research team anticipates the study will help direct future investments in renewable energy toward regions where they will do maximum good.
For years, researchers have taken different approaches to try to assess the environmental benefits of renewable energy. The Energy Information Administration started releasing detailed data on renewable power generation in 2018, and we realized that we finally had an opportunity to address this issue using real-world data. ....

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