Stay updated with breaking news from Leasing Program. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
“At a time when inflation runs rampant across the country, the Biden administration is choosing failed energy policies that are adding to the pain Americans are feeling at the pump," American Petroleum Institute CEO Mike Sommers said.
(Reuters) -The Biden administration's five-year plan for offshore oil and gas leasing will not include any sales in 2024 and will feature the lowest number of auctions in the history of the program in the four years to follow, according to three sources familiar with the matter. The final plan will mark a dramatic reduction from a proposal the Trump administration had crafted in 2018 that envisioned 47 lease sales, including in California and the Atlantic. It will, however, fall short of U.S. President Joe Biden's campaign promise to end new federal drilling entirely to fight clima...
Senate Bill 678 would allow the installation of more leased solar, a step industry officials hope would lead to more residential programs.
The challenge follows BOEM’s announcement to hold the final offshore lease sale mandated by the Inflation Reduction Act, but with significantly reduced acreage and severe restrictions on oil and natural gas vessel traffic.
Waters pending an environmental review. >> we're going to start to properly manage lands and waterways. >> in april of last year, the interior department finished the review and announced reformed leasing procedures. royalty rates for the portion from oil and gas sales that companies pay to the government rose from 12.5% to 18.75. a 50% increase. the land nominated for drilling by the oil and gas industry was reduced by 80%. >> we all pay 50% more for 80% less. i think this is them trying to thread the needle, split the hair saying okay we are going to go ahead with a leasing program. we are n...