HARLINGEN, RGV – Texas oil and gas companies are committed to reducing emissions and helping improve the world’s climate.
That is the view of Todd Staples. The president of the Texas Oil & Gas Association held a conference call with reporters on Tuesday to announce that the industry paid a record amount in local taxes and state royalties in 2019.
“I think Texas is at risk if we don’t have a very real, factual-based, conversation about our climate; about our environment and about the progress that needs to be made,” Staples said.
“I think Texas-based oil and natural gas companies are committed to making climate progress. They are committed to a lower emissions future. They are leading the way in investment and technology.”
Noting that Texas is a global energy leader, Staples said members of his organization are “champions” when it comes to carbon capture and sequestration, arguing that they have established lead detection and repair protocols that they are sharing with other companies.
“Our companies have invested heavily in improved sensors and monitoring overall. We know that refining technologies have made our fuels more than 99 percent cleaner than they were just a few decades ago. We are extremely proud of the environmental progress.”
As for sales taxes and royalty payments, Staples said the Texas oil and natural gas industry paid more than $16 billion in state and local taxes and state royalties in fiscal year 2019 – the highest total in Texas history.
“Despite challenges in the global marketplace, state and local taxes and state royalties paid by the Texas oil and natural gas industry shattered records last year – exceeding $16 billion,” Staples said. “Continuous innovation and policies that encourage safe, responsible energy development are driving our nation, our state and our communities to new heights.”
Staples said oil and natural gas does more than fuel cars and power homes and businesses.
“Taxes paid by the oil and natural gas industry support teachers and schools, build roads, boost essential and emergency services, improve healthcare facilities and bolster our state’s infrastructure,” said Staples.
“Since 2007, the oil and natural gas industry has paid more than $149 billion in state and local taxes and state royalties. That’s money that benefits every Texan – whether you live near the oil patch or not.”
Editor’s Note: The above podcast features the Q&A Staples held with reporters on Jan. 14, 2020.
Editor’s Note: The main image accompanying the above podcast shows Todd Staples.