The Interior Department on Friday finalized a rule making it more expensive for oil and gas producers to drill on federally owned lands.

Several of the provisions in the rule — like raising the rent the government charges to oil companies for using its land and increasing the government’s share of the profits from that oil — were set out in law by the Democrats’ Inflation Reduction Act.

The Biden administration will additionally make it more expensive for drillers to abandon their oil wells after use instead of cleaning them up. The administration argues........

© The Hill