The Interior Department accidentally tipped its hand on a potential 50 percent increase in royalty rates that companies pay for oil and gas produced on federal land and plans to scale back the amount of land it offers up for fossil fuel development — moves the energy industry contends will shrink government revenues rather than raise them. POLITICO’s Kelsey Tamborrino reports.
The Interior Department accidentally tipped its hand on a potential 50 percent increase in royalty rates that companies pay for oil and gas produced on federal land and plans to scale back the amount of land it offers up for fossil fuel development — moves the energy industry contends will shrink government revenues rather than raise them. POLITICO’s Kelsey Tamborrino reports.
Kelsey Tamborrino is a reporter covering clean energy and the host of POLITICO Energy podcast.
Nirmal Mulaikal is a POLITICO audio host-producer.
Carlos Prieto is an audio producer for POLITICO.
Raghu Manavalan is a senior editor for POLITICO audio.
Jenny Ament is the interim executive producer of POLITICO’s audio department.