{"id":249235,"date":"2024-04-20T13:00:00","date_gmt":"2024-04-20T13:00:00","guid":{"rendered":"https:\/\/news.republicofgreen.com\/drilling-for-oil-on-public-land-in-the-us-is-about-to-get-more-expensive\/"},"modified":"2024-04-20T16:34:43","modified_gmt":"2024-04-20T16:34:43","slug":"drilling-for-oil-on-public-land-in-the-us-is-about-to-get-more-expensive","status":"publish","type":"post","link":"https:\/\/news.republicofgreen.com\/drilling-for-oil-on-public-land-in-the-us-is-about-to-get-more-expensive\/","title":{"rendered":"Drilling for oil on public land in the US is about to get more expensive"},"content":{"rendered":"<div>\n<p>\n      <iframe style=\"margin: 0 auto 20px; width: 100%; height: 100px; border: none; display: none\" data-project-id=\"Yual8er4aaQbafhcldNK\" allowfullscreen=\"false\" allowtransparency=\"\" allow=\"clipboard-read; clipboard-write\" frameborder=\"0\" id=\"ad-auris-iframe\" scrolling=\"no\"><\/iframe>\n    <\/p>\n<p class=\"has-default-font-family\"><em>This story was originally published by\u00a0High Country News and is reproduced here as part of the\u00a0Climate Desk\u00a0collaboration.<\/em><\/p>\n<p class=\"has-default-font-family\">On April 12, the Department of Interior released a new rule that will impose stricter financial requirements for oil and gas companies that operate on federal public land \u2014 the first such change since 1960.<\/p>\n<p class=\"has-default-font-family\">The reform includes a jump in the amount of money that drilling companies must put forward to ensure cleanup of their wells. It also raises the royalty tax rate that operators pay on the minerals they extract on public land, which had not changed in more than a century.<\/p>\n<p class=\"has-default-font-family\">In a statement, Interior Secretary Deb Haaland said that the changes will \u201ccut wasteful speculation, increase returns for the public, and protect taxpayers from being saddled with the costs of environmental cleanups.\u201d<\/p>\n<p class=\"has-default-font-family\">The final version of the&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/grist.org\/energy\/drilling-for-oil-on-public-land-in-the-us-is-about-to-get-more-expensive\/\"target=\"_blank\">Read full article originally published on grist.org<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This story was originally published by\u00a0High Country News and is reproduced here as part of the\u00a0Climate Desk\u00a0collaboration. On April 12, the Department of Interior released a new rule that will impose stricter financial requirements for oil and gas companies that operate on federal public land \u2014 the first such change since 1960. The reform includes [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":249236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[14],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.0 (Yoast SEO v20.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Drilling for oil on public land in the US is about to get more expensive - Republic of Green News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/grist.org\/energy\/drilling-for-oil-on-public-land-in-the-us-is-about-to-get-more-expensive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Drilling for oil on public land in the US is about to get more expensive\" \/>\n<meta property=\"og:description\" content=\"This story was originally published by\u00a0High Country News and is reproduced here as part of the\u00a0Climate Desk\u00a0collaboration. On April 12, the Department of Interior released a new rule that will impose stricter financial requirements for oil and gas companies that operate on federal public land \u2014 the first such change since 1960. 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