The Biden administration on Friday said it has resumed plans for oil and gas development on federal lands, a move that could break a pledge Joe Biden made while campaigning for president.
The plan calls for the government to lease fewer acres for drilling than initially proposed, charge steeper royalties to oil and gas companies, and assess the climate impact of developing the acreage.
The proposal was quickly denounced by several environmental groups, with one calling it "a reckless failure of climate leadership." Oil industry groups praised the move but said it did not go far enough.
During a campaign event in Hudson, New Hampshire, in February 2020, Biden told the audience: "And by the way — no more drilling on federal lands, period. Period, period, period.”
:biden-troll:
Friday's announcement would make roughly 144,000 acres available for oil and gas drilling through a series of lease sales, an 80% reduction from the footprint of land that had been under evaluation for leasing, the Interior Department said in a statement.
It would also require companies to pay royalties of 18.75% of the value of extracted oil and gas products, up from 12.5%.
"How we manage our public lands and waters says
everything about what we value as a nation,said Interior Secretary Deb Haaland, who added that the move would "begin to reset how and what we consider to be the highest and best use of Americans' resources for the benefit of all current and future generations.”
:eco-porky:
The move was praised by the energy industry as a step in the right direction.
"To really unleash American energy, the Biden Administration should continue to hold ongoing lease sales pursuant to the Mineral Leasing Act, issue permits more expeditiously, and provide consistent regulatory certainty,” said Anne Bradbury, head of the American Exploration & Production Council
:porky-happy:
Haven’t seen it posted, smh
