Tuesday, March 1, 2016
Pittsburgh Post-Gazette PowerSource reports that the Pennsylvania state Department of Conservation and Natural Resources’ royalty payments from wells drilled on state forest land have dwindled.
Sixty years ago, a special fund was created to put away money from oil and gas activity on state lands and other projects. Lately, though, a lot of that money ended up being used to run the DCNR’s day-to-day operations and the state’s budget didn’t allow much money to be put in the fund.
Pennsylvania Gov. Tom Wolf has proposed to allocate $61.3 million from the state’s general fund for the DCNR. According to the source, this would offset the reduction of $51 million in funding to the agency. Not everyone agrees with this plan, though.
Read more: Pittsburgh Post-Gazette PowerSource > Dwindling oil, gas royalties mean DCNR funding significantly diminished
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