The state’s Compulsory Pooling Study Group is set to debate forced pooling Wednesday in Raleigh with the intent of making recommendations to the N.C. Department of Environment and Natural Resources. The study group’s conclusions will be reported to the Mining and Energy Commission, but the commission will not hold hearings on it or take a vote. Wednesday’s discussion by the study group is likely to be the last public discussion of the issue before it gets to the legislature, said the group’s chairman Ray Covington, who is also a Mining and Energy commissioner.
And he's also got a lot of land he wants fracked, his own and that of his clientele:
The administration of Gov. Pat McCrory is pushing a proposed tax on fracking as a substantial piece of its economic recovery strategy, with key Republicans saying it would raise millions for financial incentives to recruit companies or help them expand in North Carolina. Decker told the group she wants a similar piggy bank here and that “energy partners” are ready to “provide us with the money” in a climate where increasing traditional funding streams for incentives, such as income and corporate taxes, isn’t likely. She said the money would be used to lure major projects to the state.
It will be interesting to see how John Hood and his followers try to spin this one. And it will be a minefield, as there are numerous JLF/Civitas articles railing against targeted taxes and incentives. Should be fun. Speaking of having fun, read this and see if you don't bark a laugh:
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