Washington, D.C. — Today, the U.S. Bureau of Land Management released a draft regulation to revise the federal oil and gas program. The proposed reforms would apply to hundreds of millions of acres of public lands and cover a range of issues such as royalties, rents, fees, bonding, and other reforms to fix the de facto subsidies for oil and gas companies. In response, Jenny Rowland-Shea, director for public lands at the Center for American Progress, issued the following statement:
The commonsense changes proposed today will increase taxpayer fairness, protect our public lands and wildlife, and stop bad actors from taking advantage of Americans. For far too long, the oil and gas industry has had a free lunch courtesy of our national public lands. This move updates decades-old policies and makes progress in getting rid of subsidies for some of the richest oil companies on the planet. A strong final rule will play a critical role in achieving the president’s conservation and climate goals.
For more information on this topic or to speak with an expert, please contact Sam Hananel at email@example.com.