Production of crude oil and natural gas has historically fluctuated based on many market-driven and geopolitical factors. Because the Texas Legislature collects severance taxes from this volatile production to primarily fund the state’s rainy day fund, the purpose for and use of the ESF must be worthy.
Energy & Environment
House Bill 4466: Ancillary Service
Brent Bennett, PhD, is the policy director for Life:Powered, an initiative of the Texas Public Policy Foundation that reframes the national discussion on energy and the environment. The Life:Powered team and the Texas Public Policy Foundation appreciate this committee’s work to dissect the causes of February’s tragedy and to find appropriate solutions. We support HB...
April 8, 2021