Sentences with phrase «oil extraction taxes»

The legislature in Bismarck is poised to pass a permanent 30 % reduction in oil extraction taxes in the next few days.

Not exact matches

He pledges to lower corporate taxes; support a fence on the U.S. southern border to improve security; repeal the health care bill; issue tax credits to students attending non-public and charter schools; support domestic energy production, including oil drilling, coal mining and natural gas extraction; and invest in creating alternative energy sources.

Currently, important attention is rightfully given to the Dec. 2017 congressional passage of far - reaching tax legislation that included provisions for the initial approval of federal mineral lease sales for oil and gas exploration and extraction in the coastal plain ecosystem of ANWR.

Federal Petroleum Resource Rent Tax (PRRT) All onshore and offshore oil and gas extraction projects are required to pay the federal Petroleum Resource Rent Tax (PRRT), but this is intended to be a «super profits» tax payable only after all exploration, establishment, and operational costs have been recoverTax (PRRT) All onshore and offshore oil and gas extraction projects are required to pay the federal Petroleum Resource Rent Tax (PRRT), but this is intended to be a «super profits» tax payable only after all exploration, establishment, and operational costs have been recoverTax (PRRT), but this is intended to be a «super profits» tax payable only after all exploration, establishment, and operational costs have been recovertax payable only after all exploration, establishment, and operational costs have been recovered.

Interestingly, beyond this, despite considerable rhetoric about moving beyond debates about carbon - pricing, the report recommends that in order to avoid adding to the Federal debt, it would be necessary to impose new taxes, including increased royalties for oil and gas extraction, a tax on imported oil, a tax on electricity sales, and a «very small carbon price» (presumably from a modest carbon tax or unambitious cap - and - trade system).

Since 2012 the PRRT applies to both onshore and offshore oil and gas, but it is set up as a tax on profits after all the exploration and extraction costs have been recouped, so it is usually many years before there is any benefit to Australia from the PRRT.

Wolf campaigned on a platform of instituting a 5 percent extraction tax on oil and gas drilling in Pennsylvania, arguing that the money raised — an estimated $ 1 billion annually — would help boost state education funding.

If the price of oil stays high enough and Russian taxes stay low enough to justify the costly extraction of Arctic oil reserves (the going rate for ice platforms is $ 15 billion a pop), this could keep Exxon on top of the world for decades, and it might do more to cement U.S. — Russian relations than any deal in history.