politics
Interior moves to relax rules for drilling on public lands
Key takeaways
- Interior Secretary Doug Burgum said the moves were being made to help the nation achieve energy dominance.
- These targeted updates cut through the red tape that has historically deterred investment, ensuring our public lands remain a reliable engine for economic growth and innovation, Burgum said in a written statement.
- In 2024, the Biden administration dramatically raised the cost of bonds that oil and gas companies have to pay the government to make sure their wells are cleaned up.
Why this matters: political developments that affect policy direction and public trust.
The Interior Department, which oversees federal lands, said that it would propose to loosen two Biden-era regulations that sought to rein in planet-warming methane and ensure that energy companies are on the hook to clean up their used-up wells.
Interior Secretary Doug Burgum said the moves were being made to help the nation achieve energy dominance.
These targeted updates cut through the red tape that has historically deterred investment, ensuring our public lands remain a reliable engine for economic growth and innovation, Burgum said in a written statement.
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