Currently viewing the tag: "fracking"

Here are some stories from over the weekend that you may have missed:

The “bipartisanship” bullshit tour continues
This has got to be up there among the most bogus justifications ever given:

Ohio Republican Gov. John Kasich had been scheduled to lambaste President Obama in a telephone conference call with reporters, but he canceled because it would have undermined the tone he had set earlier in the day in a speech to the state Senate on bipartisanship.

Paired with Kasich’s notable absence from Romney’s bus tour around Ohio this weekend, perhaps the distance between the two has […]

Full Story...

A revealing email, obtained by Plunderbund, demonstrates the political calculus that took place when House GOP leaders considered plans to raise Ohio’s severance taxes on oil & gas drillers in advance of an expected fracking boom.

On January 22, Lou Blessing, Speaker pro tempore of the Ohio House of Representatives, emailed his GOP colleagues with his thoughts on a possible increase in the tax–something that Governor Kasich was rumored to be considering. In his email, he compares Ohio’s taxes to other states, stating “Ohio is on the very low side” and puts forth two scenarios for raising it, in the following […]

Full Story...

When Governor Kasich rolled out his energy plan in March, he portrayed himself as a maverick on fracking, standing up to Big Oil by requiring more chemical disclosure, higher tax rates and assistance to local governments.

Thanks in part to documents obtained exclusively by Plunderbund, we now know it was all posturing. Let’s review:

The chemical disclosure requirements he introduced were riddled with loopholes and allowed companies to hold information back if they deemed it a “trade secret.”

His severance tax increase was actually a tax cut on natural gas, the only material currently being extracted […]

Full Story...