Interior to Yank Trump Rule That Lowered Oil And Coal Payments

June 10, 2021, 3:06 PM

The Interior Department is moving to withdraw a Trump-era rule that lowered some companies’ royalty payments to the U.S. government for oil, gas and coal extracted from federal lands.

  • In a proposed rule, Interior’s Office of Natural Resources Revenue seeks to withdraw the royalty valuation regulation, which was finalized five days before President Biden was inaugurated
  • ONRR says Trump-era rule contains at least 15 potential defects, “the process used for its adoption” didn’t follow legally required procedures and the measure may have exceeded the agency’s statutory authority
  • The rule targeted for repeal was encouraged by oil and mining ...

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