Natural Gas Intelligence - A recently released report by the West Virginia Center on Budget and Policy, a liberal think tank, recommends increasing the state's severance tax on natural gas liquids (NGL) if they are not being used to develop more in-state industries such as chemical manufacturing. Read The center warned that the state is…
WVCBP in the News
Clarksburg Exponent-Telegram - Last week was marked by volatility and uncertainty on Wall Street, but experts said short-term trends in the stock market are unlikely to have much impact on what's happening in West Virginia's economy. ReadThat said, as the global financial markets rise and fall by the hour, there are a number of longer-term…
Wall Street Journal, Nasdaq, The Australian - Workers in a rural warehouse here are restoring four machines: a locomotive for coal miner Consol Energy Inc., and three 1947 San Francisco streetcars. ReadBy this time next year, the coal-mining equipment could be gone, and the workers at Brookville Equipment Corp. left repairing just streetcars.So it goes…
The State Journal - The vibe at The Greenbrier Resort is usually a relaxed one. The historic resort is usually full of visitors from out of town looking to unwind. ReadHowever, for a few days each year, business men and women flood the colorful, floral-themed rooms in suits and ties ready to talk about policy…
Atlanta Journal Constitution - The coal industry is in deep trouble, and Southern Company's decision to buy an Atlanta natural gas utility puts it even deeper in the hole. ReadFor years, coal producers have been taking it on the chin as electric utilities have closed more and more coal-fired power plants and switched to cheaper,…
Wall Street Journal Blog - Poor West Virginia. ReadIt's the only state in the country to have lost a statistically significant number of jobs in the past year, the Labor Department reported Friday, as falling energy prices have rippled through its coal mining industry and beyond.The state shed 19,100 jobs between July 2014 and July…
Blulefield Daily Telegraph - Secretary of Commerce Keith Burdette told the Joint Committee on Tax Reform Monday that it isn't the state's tax structure keeping businesses away. ReadInstead, Burdette told the committee, companies that investigate the Mountain State for expansion or start-up find that lack of flat land is the biggest disincentive. Less than 3…
Charleston Gazette-Mail - A couple years ago, Bambi Curry put a fence around the small backyard of her home, next to St. Cloud Common Park in west Huntington. ReadIn the past few years she's also put a new roof on her house and made some fixes to its aging plumbing. This spring, she paid the…
Clarksburg Exponent-Telegram - Earlier this year, President Barack Obama revealed his POWER Plus Plan, which proposes investing millions in aiding coal-dependent communities impacted by the industry's downturn. ReadThe plan coincides with the Obama Administration's controversial Clean Power Plan, an Environmental Protection Agency regulation to limit carbon emissions from U.S. power plants — a rule that…
Clarksburg Exponent-Telegram - Last week, President Barack Obama revealed the final version of his unprecedented plan to cut carbon emissions from U.S. power plants, and the battle over the future of the nation's electric grid escalated. ReadWest Virginia's political leaders have decried the U.S. Environmental Protection Agency's Clean Power Plan since it was first revealed…