May 28, 2024 IPAA Statement on Sen. Cruz Legislation to Repeal the Natural Gas Tax
The Independent Petroleum Association (IPAA) issued the following statement in response to Senator Ted Cruz (R-TX) introducing legislation to repeal the Natural Gas Tax included in the Biden administration’s Inflation Reduction Act.
IPAA President & CEO Jeff Eshelman: “The methane tax that was included in the Inflation Reduction Act seriously complicates industry efforts to plan and comply with EPA and state regulations that address emissions from oil and natural gas production. The tax was passed without appropriate understanding of its impact or safeguards. IPAA supports Sen. Cruz’s legislation to repeal the misguided tax on American energy producers.”
