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Texas Gov. Greg Abbott said in the statement that the sum would allow Texas “to reinvest in the Gulf community and reinvigorate the economic and environmental health of the region.”
Voters in Denton approved the ban last November amid concerns that the process could damage the environment and causes earthquakes. The Texas General Land Office and the Texas Oil and Gas Association sued to block the ban.
Texans looking to conserve energy may continue to face monthly penalties on their electricity bills, but low-income residents should keep receiving discounts on their power usage.
Pushed hard by the oil and gas industry, but fiercely opposed by municipalities and environmental groups, the bill specifically prohibits cities or towns from banning operations such as drilling, fracking, water disposal, recovery operations or pipeline infrastructure.
Abbott’s signature is the culmination of a marker he set down in January, when he took aim at local regulations affecting not only fracking but tree cutting and plastic bags.
The bill, inspired by the local fracking ban voters passed in the city of Denton last November, will take effect immediately after winning more than two-thirds majorities in the Texas House and Senate.
Republican Comptroller Glenn Hegar said his estimate expects “moderate expansion” in the Texas economy while reflecting uncertainties in oil prices..
The U.S. Court of Appeals slapped down Texas’ most recent challenge to the Environmental Protection Agency on Friday — the latest defeat in Attorney General Greg Abbott’s lengthy legal crusade against the federal government.
Last winter’s rolling blackouts in Texas and the summer’s near-blackouts could occur again in the coming year if extreme weather stresses the power grid more than normal, the state’s grid operator said Thursday.
Citing Texas as a prime example, a new report argues U.S. freshwater resources are increasingly burdened by electricity generating plants.