A four-bill package that would permit Michigan's oil and gas recovery industry to expand while reducing the amount of carbon dioxide in the atmosphere has passed a House Committee. State Representative Aric Nesbitt says "Michigan has a great opportunity to become more competitive with other states already using this innovative method." The bills would create a more competitive tax rate when it comes to oil and gas produced by enhanced recovery projects. They would also store CO2 used during the process underground instead of dispensing it into the atmosphere. The bills now head to the full House.
WebReadyTM Powered by WireReady® NSI