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HILL ENERGY BRIEFING: Tax Bill Shakes Up Federal Land Oil Leases

Aug. 9, 2022, 10:22 AM

As part of a compromise, the climate-and-tax bill passed by the Senate on Sunday would unlock more federal lands to oil and gas companies drilling. But the plan would also overhaul how the federal government has leased its land at cheap rates for years.

Supporters of the changes argue the current approach cheats taxpayers, while the oil and gas industry has warned that the bill, if enacted, would hike costs for key steps in developing federal land in the western US and discourage drilling in those areas.

The Senate-passed bill would increase the minimum cost of nominating federal land for ...