Shale Energy Law Blog
West Virginia Legislature Contemplates “Future Fund,” Creating Committee on Energy
January 13, 2014
West Virginia delegates outlined their agendas for the legislative session that began last week. Among the items included in the agendas is a “future fund” that would be established with proceeds generated by the oil and gas industry in West Virginia, as reported by The Charleston Gazette. Kevin Craig, D-Cabell, indicated that the revenue from the fund should be utilized for investment in West Virginia’s future, for activities such as education, teacher salaries and infrastructure. Democratic leaders are also advocating the creation of a standing committee on energy that will be headed by Kevin Craig. The legislative session lasts for 60 days.