"These reforms are a major step forward from the status quo, but more reforms are needed. W/more leases being offered, we will see if oil & gas firms, who have claimed the availability of new leases are tied to the price of gasoline, will now lower prices at the pump. 4/4"Read on Twitter
Here are other recent tweets from Alan Lowenthal:
"Last week, the Interior Dept announced resumption of onshore oil & gas leasing sales, but with a reformed leasing process focused on the best use of US public resources for the benefit of all Americans--not for lining the pockets of oil & gas firms at the taxpayers' expense. 2/4"Read on Twitter
"These reforms include: raising the royalty rate lease holders--a rate not increased in over 100yrs--from 12.5% to 18.75%; requiring oil & gas firms seeking leases to include tribal & community input; and rely on the best available science. 3/4"Read on Twitter
"For way too long, the federal government's programs to lease public lands to oil and gas companies have prioritized these industries' desires and demands over those of local communities, the needs of Tribal Nations, and the environment. 1/4"Read on Twitter
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