New legislation is making its way through the Texas Senate that could have significant and costly impacts on the state’s record oil and natural gas production, with the potential to raise energy costs for Texans and reduce funding for schools and other public services.
As EID’s latest infographic explains, Committee Substitute Senate Bill 421 (CSSB 421) was passed by the Committee on State Affairs earlier this week, despite language that invites an increase in litigation and delays against new pipeline projects in the state. If passed, this legislation could threaten the significant job growth and tax revenue these projects generate, and place the state in a similar situation as New England where pipeline obstruction has created massive economic harm.
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