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Interior to Kill Obama Rule Raising Coal, Oil Royalties

Aug. 7, 2017, 4:00 AM

An Obama-era regulation governing how royalties are calculated for coal, natural gas and oil extracted on federal lands will be repealed by the Trump administration.

The Interior Department’s Office of Natural Resources Revenue issued a public notice that it plans to scrap the valuation rule in a final rule set to be published Aug. 7 in the Federal Register, and it is set to go into effect 30 days after that. The agency proposed scrapping the rule in April, several months after it went into effect on Jan. 1.

The change would benefit coal companies that extract the fossil fuel ...