GOP Bill Would Boost Funding For Oil, Gas R&D

Law360, New York (November 30, 2012, 7:37 PM EST) -- A Texas congressman has floated legislation that could steer as much as $27 million a year for the next five years toward research for unconventional oil and natural gas production technology that makes more efficient use of water and protects environmental resources.

U.S. Rep. Ralph Hall — the Republican chairman of the House Science, Space and Technology Committee — on Wednesday introduced the Tapping America’s Energy Potential Through Research and Development Act of 2012, with the goal of further incentivizing domestic oil and gas production....
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