The public comment period, which closed Monday, included a group of 50 institutional investors with $4 trillion in assets who issued a statement in support of the rule.
The compromise measure lowers the size of the tax break from more than $1 billion to $670 million over 25 years.
Are gas royalty owners buyers or sellers? In a court fight over royalties, the answer to that question could make all the difference to landowners
The state attorney general’s office says when someone sells drilling rights to a company, they should be covered under the consumer protection law. Drillers in the lawsuit argue the landowners aren’t buying anything — so they’re not protected consumers.
Pennsylvania collected about 20 percent less in impact fees from natural gas drillers last year than in 2018, according to the Public Utility Commission.
As of this month, Philadelphians can choose a cleaner option: gas produced in landfills, known as biogas.