Oil & Gas

Martin Valent / West Virginia Legislature

A state Senate committee has approved a proposal to invest some of West Virginia's oil and natural gas revenues for future infrastructure and economic development.

Wikimedia Commons

Water: It flows through our very blood, carrying oxygen and nutrients to cells. It flushes waste from our bodies, cushions our joints and allows us to digest and absorb food. The average adult human body is about 60 percent water. Perhaps it’s not surprising that so many are still offended and disturbed by the water crisis in the Kanawha Valley—“Kanawha” which, by the way, means “water way.”

Ashton Marra

Senate President Jeff Kessler introduced his Future Fund legislation into the Senate Friday. The proposal this year, however, is slightly different from years past.

Senate Bill 461 creates the statutory framework for the fund:

-Provides 25 percent of any revenues collected from oil and gas severance taxes over and above $175 million be automatically placed in Future Fund, up from $70 million baseline proposed last year

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