CO2 emissions and severance tax revenue falls

CO2 emissions and severance tax revenue falls

(KAIT) - Carbon dioxide emissions fell during the first six months of 2016. In a report from Talk Business & Politics, emissions totaled 2,530 million metric tons in the first six months. The number is at its lowest since 1991.

Mild weather was cited for the decrease in CO2 emissions along with changes in fuels used to generate electricity.

The United States saw the fewest heating days in the first six months of 2016 since 1949.

Total primary energy consumption was 2% lower than the same time in 2015.

Energy consumption fell 9% in the residential sector and 3% in the electric power sector.

Severance tax collection in Arkansas also fell in the first quarter of 2017.

Collections fell 33% which is the lowest level since the Arkansas legislature raised the levy on natural gas production.

Revenue on marketed sells of natural gas rose to its highest level in near a year in September. The reason behind the rise is higher commodity prices are bring drilling interest back the Fayetteville Shale.

For more on the report from Talk Business & Politics, click here.

Copyright 2016 KAIT. All rights reserved.

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