*{box-sizing:border-box}body{margin:0;padding:0}a[x-apple-data-detectors]{color:inherit!important;text-decoration:inherit!important}#MessageViewBody a{color:inherit;text-decoration:none}p{line-height:inherit}.desktop_hide,.desktop_hide table{mso-hide:all;display:none;max-height:0;overflow:hidden}.image_block img+div{display:none} @media (max-width:620px){.desktop_hide table.icons-outer{display:inline-table!important}.image_block div.fullWidth{max-width:100%!important}.mobile_hide{display:none}.row-content{width:100%!important}.stack .column{width:100%;display:block}.mobile_hide{min-height:0;max-height:0;max-width:0;overflow:hidden;font-size:0}.desktop_hide,.desktop_hide table{display:table!important;max-height:none!important}.reverse{display:table;width:100%}.reverse .column.first{display:table-footer-group!important}.reverse .column.last{display:table-header-group!important}.row-10 td.column.first .border,.row-12 td.column.first .border,.row-8 td.column.first .border{padding:5px 5px 15px 25px;border-top:0;border-right:0;border-bottom:0;border-left:0}.row-10 td.column.last .border,.row-12 td.column.last .border,.row-8 td.column.last .border{padding:5px 20px 25px 5px;border-top:0;border-right:0;border-bottom:0;border-left:0}} Welcome to The Hill's Energy & Environment newsletter{beacon}
Energy & Environment
Energy & Environment
The Big Story
Interior makes it costlier to drill on public lands
The Interior Department finalized a new federal rule Friday that's expected to raise the price for drilling on public lands.
© AP Photo/David Zalubowsk
Several of the provisions in the rule were set out in law by the Democrats’ Inflation Reduction Act. Such provisions:
- Increase the government's share of the profit of the oil that's sold after being drilled on federal lands – raising the minimum royalty rate from 12.5 percent to 16.67 percent
- Raise the rents charged to oil companies for drilling on that land
- Increase the minimum bid companies can place to get leases on public lands.
The rule takes the additional step of increasing the amount companies must pay upfront as a bond to ensure that they clean up their oil and gas wells once the drilling process ends.
The administration described the changes as the first “comprehensive update” to the rules around drilling on federal lands since 1988.
The rule comes one day after the administration moved to cut costs for producing renewable energy on public land.
Read more in a full report at TheHill.com.
Essential Reads
How policy will affect the energy and environment sectors now and in the future:
Biden administration finalizes lightbulb efficiency rules
The Biden administration on Friday finalized lightbulb efficiency rules first proposed in late 2022.
Full Story High seafood diets may come with a hefty side of ‘forever chemicals’: Study
People who frequently consume seafood may face a heightened risk of exposure to toxic “forever chemicals,” a study has found.
Full Story Third South Dakota tribal nation bans Noem from reservation
The Standing Rock Sioux Tribe has become the third tribal nation to ban South Dakota Gov. Kristi Noem (R) from its reservation land.
Full Story In Other News
Branch out with a different read on The Hill:
Manchin still not closing door on endorsing Biden, but says he’s gone ‘too far left’
West Virginia Sen. Joe Manchin (D) indicated Friday he was not fully closing the door on voting for President Biden this year, but said he has gone “too far left.”
Full Story On Our Radar
Upcoming news themes and events we're watching:
Next week
- The House is slated to vote on six bills aiming to block energy efficiency rules for household appliances
Monday
- The House is slated to take up bills aimed at researching abandoned oil wells and carbon sequestration, as well as oversight for clean energy demonstration projects receiving federal funds
Tuesday
Energy Secretary Jennifer Granholm is slated to appear before the
Senate Energy and Natural Resources Committee for a hearing on the department's budget
Forest Service Chief Randy Moore will testify before the House Appropriations Committee in a hearing on the agency's budget
The House Natural Resources Committee will mark up a series of bills including the America’s Wildlife Habitat Conservation Act
Wednesday
- Biden officials with the Bureau of Reclamation and Army Corps of Engineers will testify before the House Appropriations Committee during a budget hearing
- The House Natural Resources Committee will hold a legislative hearing on a forest management bill
Thursday
- The House Natural Resources Committee will hold a hearing titled Assessing Solutions to Secure America's Offshore Energy Future.
What We're Reading
News we've flagged from other outlets touching on energy issues, the environment and other topics:
What Others are Reading
Two key stories on The Hill right now:
Hard-liners vow retaliation against Republicans who sank FISA warrant mandate
Hard-line conservatives are turning up the heat on their GOP colleagues who voted Friday to kill a proposed warrant requirement for domestic communications caught up in foreign surveillance operations. Read more
Former Obama adviser: Kushner engaged in ‘level of corruption that we’ve just never seen’ with foreign relations
Editor’s note: This report has been updated to clarify the Saudi sovereign’s advisory panel position on giving funds to Jared Kushner’s firm. Read more
You're all caught up. See you Monday!
Close Thank you for signing up!
Subscribe to more newsletters here
The latest in politics and policy. Direct to your inbox. Sign up for the Energy and Environment newsletter Subscribe
Biden administration raises costs of public lands drilling
10
7
13.04.2024
*{box-sizing:border-box}body{margin:0;padding:0}a[x-apple-data-detectors]{color:inherit!important;text-decoration:inherit!important}#MessageViewBody a{color:inherit;text-decoration:none}p{line-height:inherit}.desktop_hide,.desktop_hide table{mso-hide:all;display:none;max-height:0;overflow:hidden}.image_block img div{display:none} @media (max-width:620px){.desktop_hide table.icons-outer{display:inline-table!important}.image_block div.fullWidth{max-width:100%!important}.mobile_hide{display:none}.row-content{width:100%!important}.stack .column{width:100%;display:block}.mobile_hide{min-height:0;max-height:0;max-width:0;overflow:hidden;font-size:0}.desktop_hide,.desktop_hide table{display:table!important;max-height:none!important}.reverse{display:table;width:100%}.reverse .column.first{display:table-footer-group!important}.reverse .column.last{display:table-header-group!important}.row-10 td.column.first .border,.row-12 td.column.first .border,.row-8 td.column.first .border{padding:5px 5px 15px 25px;border-top:0;border-right:0;border-bottom:0;border-left:0}.row-10 td.column.last .border,.row-12 td.column.last .border,.row-8 td.column.last .border{padding:5px 20px 25px 5px;border-top:0;border-right:0;border-bottom:0;border-left:0}} Welcome to The Hill's Energy & Environment newsletter{beacon} Energy & Environment
Energy & Environment
The Big Story
Interior makes it costlier to drill on public lands
The Interior Department finalized a new federal rule Friday that's expected to raise the price for drilling on public lands.
© AP Photo/David Zalubowsk
Several of the provisions in the rule were set out in law by the Democrats’ Inflation Reduction Act. Such provisions:
- Increase the government's share of the profit of the oil that's sold after being drilled on federal lands – raising the minimum royalty rate from 12.5 percent to 16.67 percent
- Raise the rents........
© The Hill
visit website
login
who are we?
contact us
qosheapp
Toi Staff
Gideon Levy
Belen Fernandez
Rami G Khouri
Mort Laitner
Donald Low
Ali Fathollah-Nejad
Nikkei Editorial
