Fossil fuels are a cornerstone of Wyoming’s economy. A new analysis turns a spotlight on the significance of industry revenues in the highest-producing states.The paper, published this month by nonprofit research institution Resources for the Future, outlines how lost fossil fuel revenue will inevitably hit some states much harder than others.“Wyoming is probably at the top of that list,” said Daniel Raimi, a fellow at Resources for the Future and one of the paper’s authors.Though Wyoming has the fourth-highest share of total government revenue from fossil fuels, the authors estimate that 59% of Wyoming’s own-source revenue — funds generated internally — comes from fossil fuels. That’s the biggest share of any state. In North Dakota, which ranks second, fossil fuels contribute an estimated 31% of own-source revenue. Alaska is third with 21%.
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Without policy change, Wyoming could be worst off during clean energy transition, analysis finds | Energy Journal
