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SENATE RESOLUTION
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WHEREAS, The Senate of the State of Texas is pleased to |
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recognize the Texas energy industry and to join its employees, |
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advocates, and partners in celebrating Texas Energy Day at the |
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Capitol 2023 on March 7, 2023; and |
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WHEREAS, Texas leads the nation in oil and natural gas |
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production, pipeline miles, and refining capacity, all of which |
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have made our state, nation, and the world stronger, more |
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efficient, and better connected and supplied with goods; and |
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WHEREAS, The industry's positive economic impact on Texas, |
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including the payment of $24.7 billion in state and local taxes |
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and state royalties in 2022 and the provision of 443,000 jobs, is |
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strengthening communities and enriching local economies; and |
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WHEREAS, For every direct job in the Texas oil and natural |
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gas industry, 2.2 indirect jobs are created, resulting in a total |
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of 1.4 million Texans' jobs being derived from the state's oil and |
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natural gas industry; and |
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WHEREAS, Royalties from Texas oil and natural gas serve as |
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the primary funding for the Economic Stabilization Fund, also |
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known as the Rainy Day Fund, the Permanent School Fund, and the |
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Permanent University Fund, contributing billions of dollars to |
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those funds as well as $1.65 billion to Texas school districts |
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and more than $600 million to Texas counties in property taxes; |
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and |
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WHEREAS, The Texas oil and natural gas industry is a leader |
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in innovation and initiatives that emphasize collaboration in |
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finding solutions to environmental outcomes while meeting the |
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energy demands of today and of the future; and |
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WHEREAS, The Texas oil and natural gas industry plays a |
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crucial role in our state and national economies and in global |
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stability; it is indeed fitting that the Texas energy industry |
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and its partners be recognized for their contributions to the |
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Lone Star State; now, therefore, be it |
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RESOLVED, That the Senate of the State of Texas, 88th |
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Legislature, hereby commend the members of the Texas energy |
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industry and extend to them best wishes for a rewarding Texas |
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Energy Day at the Capitol; and, be it further |
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RESOLVED, That a copy of this Resolution be prepared in |
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honor of this special event. |