PIOGA eWeekly 6/1/21

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Tuesday, June 1, 2021 (0 Comments)
Posted by: Matt Benson

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June 1, 2021

House of Representatives approves Conventional Oil and Gas Act bill

By a vote of 113-88, the state House of Representatives on May 26 approved House Bill 1144, creating a separate regulatory program for conventional oil and gas operations. The bill has been referred to the Senate Environmental Resources and Energy Committee.

Last session, Conventional and Gas Act legislation was approved by both chambers, only to be vetoed by Governor Tom Wolf. It's not clear how a bill would avoid the same fate this time around, particularly with Wolf's Department of Environmental Protection focused on updating Chapter 78 regulations governing conventional oil and gas activities.

Related article: Causer bill to address conventional oil and gas act earns House approval

Pennsylvania Treasurer Garrity warns banks against divesting from fossil fuel companies

(Pittsburgh Post-Gazette) Pennsylvania Treasurer Stacy Garrity joined 14 other state treasurers last week in calling on the Biden administration to stop encouraging banks to cut off capital to oil, gas and coal companies.

At the same time, the treasurers warned banks that they may withdraw billions of dollars they control from financial institutions that will not lend money to fossil fuel companies.

The Biden administration is taking a holistic approach to combatting climate change, including building climate considerations into economic policies and pushing lenders to use financing as a tool to shift the world away from climate-warming fuels.

In a Tuesday retort led by West Virginia Treasurer Riley Moore, the trustees of hundreds of billions of dollars of state funds wrote that the coal, oil and natural gas industries "are vital to our nation's economy" and efforts to discourage banks from lending to them amounted to picking economic losers. The letter - also signed by the treasurers of Ohio, Oklahoma, Kentucky and other states - was sent to John Kerry, the president's special envoy for climate.

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Keynote address at PIOGA's Spring Meeting

CNX's CEO, Nick DeIuliis, addressed PIOGA's Spring Meeting audience on May 19 with very powerful messages. He covered a range of topics regarding the natural gas industry in Appalachia and far beyond, and issued a challenge to our industry. It's a must watch! See it here.

Weekly News Clips

Articles of interest to Pennsylvania's oil and gas industry from publications around the region over the past week. Here are some highlights:

See all of the clips >>

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PIOGA News

TODAY is the last day to register for the Ted Cranmer Memorial Golf Outing and Steak Fry, coming up on Monday, June 7, at Wanango Country Club outside Oil City. Don't miss this opportunity to spend a day or fun and networking with your industry colleagues at one of northwestern Pennsylvania's finest golf courses. Don't care to golf? You also have the option to join us just for the reception and dinner. Click here to register now!

Nominations are open for elections to the PIOGA Board of Directors. As explained in an email sent earlier today, PIOGA's Executive Committee is soliciting nominees to fill open board seats. Nominees will serve a three-year term, 2021-2024. Under to the bylaws any Full PIOGA Member (this excludes Associate, Royalty Owner, Student and Emeritus) is eligible for nomination and election. If you would like to nominate a candidate or self-nominate, email Danielle Boston (danielle@pioga.org) the name, contact information and, if possible, bio/resume of the candidate. The nominations deadline is June 30 at 5 p.m. It is recommended that each nominator review the General Board Expectations prior to making a nomination.