TX Official Wants Parity for Natural Gas Tax Incentives

A Texas Railroad Commissioner recently advocated that the natural gas industry should receive incentives similar to tax credits received by the renewable energy industry. Jim Wright, a member of the entity that regulates the oil and gas industry in Texas, believes similar parity would better protect the state’s energy systems and infrastructure from catastrophes like the extreme conditions during the February 2021 deep freeze.

“Equalizing these incentives could assist with necessary infrastructure investments that guarantee ample supplies of this important Texas resource are available whenever they are needed,” said Wright.

Wright suggested that state and federal government should consider “leveling the playing field between renewables and abundant, affordable and reliable Texas natural gas. Equalizing these incentives could assist with necessary infrastructure investments that guarantee ample supplies of this important Texas resource are available whenever they are needed.”

To read Wright’s full press release, click here.

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