03 Aug '12, 12pm

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More than 400 corporate subsidiaries linked to Marcellus Shale gas exploration have been registered in Delaware, most within the last four years, according to the Pennsylvania Budget and Policy Center, a nonprofit group based in Harrisburg that studies the state’s tax policy. In 2004, the center estimated that the Delaware loophole had cost the state $400 million annually in lost revenue — and that was before the energy boom. More than two-thirds of the companies in the Marcellus Shale Coalition, an industry alliance based in Pittsburgh, are registered to a single address: 1209 North Orange Street, according to the center.

Full article: http://www.desmogblog.com/delaware-tax-haven-other-shale-...

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The policy summit included a session led by Peter Glaser of Troutman Sanders LLP law firm in which Glaser, an attorney who...