Biden Regime to Increase US Oil Lease Fees as Gas Prices Soar
The Biden Regime is planning to force US oil companies to pay more to drill on federal lands and waters to ‘boost revenue.’
The increase in fees will “incorporate the toll of climate change into the price of permits for new fossil fuel extraction.”
According to the 18-page Department of Interior report, the Biden Regime is planning on increasing the lease fees from 12.50% to 18.75% as gas prices soar.
The Washington Post reported:
In an effort to boost revenue and protect the environment, the Biden administration on Friday laid out plans to make fossil fuel companies pay more to drill on federal lands and waters.
The 18-page Interior Department report describes an “outdated” federal oil and gas leasing program that “fails to provide a fair return to taxpayers,
