Morning Energy: Oil and Gas Leasing Get the Floor
After Fellow Brian Prest's commentary during an Interior Department forum, POLITICO reports on his insights.
"Participants — which included the oil and gas industry, unions, Indigenous groups, environmental justice advocates and academics — discussed how to update the decades-old regulations on the leasing program.
One idea discussed at the forum involves increasing the royalty rate companies pay for the oil they pump from federal lands and waters. Brian Prest, an economist at Resources for the Future who spoke at the forum, said doing so would both increase cash flow to the federal government and decrease drilling activity on the lands."
