Oil, gas companies would pay more to use public land under Biden rule
Published: , in Outdoor News
Oil and gas companies would have to pay more to drill on public lands and satisfy stronger requirements to clean up old or abandoned wells under a new rule announced earlier this month by the Biden administration.
A rule proposed by the Interior Department raises royalty rates for oil drilling by more than one-third, to 16.67%, in accordance with the sweeping climate law approved by Congress last year.
The post Oil, gas companies would pay more to use public land under Biden rule appeared first on Outdoor News.