Odaily Planet Daily News The US state of Texas will introduce a new incentive next month aimed at reducing greenhouse gas emissions from flaring and venting natural gas, in order to use these fugitive emissions for bitcoin mining machines. Producers of energy supplying electricity are provided with tax exemptions.
Under HB 591, enacted earlier this year, Texas will exempt from taxes on natural gas consumed at well sites that would otherwise be legally vented or flared — commonly referred to as "slack gas." The program could help Texas reduce emissions from stranded natural gas. (Bloomberg Tax)