The bill would increase the royalty rate for oil and gas production on federal lands by 50%.
U.S. Sens. Jacky Rosen, D-Nev., and Chuck Grassley, R-Iowa, this week introduced legislation that would increase the royalty rate for oil and gas production on federal lands by 50%.
The proposed “Fair Returns for Public Lands Act” (S.624) would raise the federal onshore royalty rate from 12.5% to 18.75%, which is already the federal offshore royalty rate, according to written statements from Rosen and Grassley’s offices.
“The current federal oil and gas program is broken and fails to protect our public lands and the American people,” commented Rosen. “I’m introducing this bipartisan, common-sense legislation that will require oil and gas companies to pay increased royalties for drilling, ensuring that our state and local governments in Nevada and across the nation receive fair compensation to fund critical education, infrastructure, and public health projects.”
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In 2016, the Bureau of Land Management, working with numerous conservation and recreation organizations, finalized the Desert Renewable Conservation Plan, an eight-year plan that set aside millions of acres for conservation and recreation, as well as for renewable energy. Managing editor Tami Roleff says the Trump administration released amendments Wednesday that will increase the land available for energy and reduce the acreage available for conservation and recreation…
California Native Plant Society photo
In the last week of the Trump administration, the Bureau of Land Management is proposing big changes to the Desert Renewable Energy Conservation Plan. The BLM is now proposing to allow activities like energy development, mining and grazing on more than one million additional acres. Jeff Aardahl with the group Defenders of Wildlife says the habitat protections in the Desert Renewable Energy Conservation Plan are crucial to stopping the desert tortoise’s slide toward extincti