Axios: “A Warning for Local Governments on Oil and Gas Revenue”
A segment in Axios’ Future of Energy newsletter highlights new research from RFF researchers Daniel Raimi and Zach Whitlock.
“Three huge oil and gas producing states should do more to ‘protect the fiscal health of the often rural local governments where extraction takes place,’ a new report finds.
Why it matters: Fossil fuels are a big revenue source for some states and communities.
- Local governments are vulnerable to boom-and-bust cycles and a longer-term transition from fossil fuels, note the authors with Resources for the Future, a nonpartisan think tank.”
