Interior Department report is mostly silent on climate change

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Friday, November 26, 2021

The Interior Department on Friday recommended that the federal government raise the fees that oil and gas companies pay to drill on public lands — the first increase in those rent and royalty rates since 1920.

The long-awaited report recommended an overhaul of the rents and royalty fees charged for drilling both on land and offshore, noting one estimate that the government lost up to $12.4 billion in revenue from drilling on federal lands from 2010 through 2019 because royalty rates have been frozen for a century.


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