The Biden administration unveiled a new oil and gas leasing rule proposal Thursday that would jack up prices at nearly every stage of the public land leasing process.
The Bureau of Land Management (BLM), a subagency of the Department of the Interior (DOI), issued the rule proposal Thursday in an effort to adopt a “more transparent, inclusive and just approach” to federal oil and gas leasing on public lands and “[provide] a fair return to taxpayers,” Principal Deputy Assistant Secretary for Land and Minerals Management Laura Daniel-Davis said, according to a Thursday DOI press release. The rule nominally aims to boost land conservation efforts, but it would do so by massively increasing minimum bid thresholds and required per-acre fees for energy interests and developers to pay.
Read More