Washington, D.C. — In response to today’s move by the Biden administration to officially withdraw a Trump-era rule allowing Big Oil greater power over the assessment and valuation of the materials they extract, government watchdog Accountable.US again called on the Biden administration to publish its long-awaited public lands leasing report and act boldly to reform the program to the benefit of the American people, not wealthy oil and gas industry executives.
The Trump-era rule was a boon for the former president’s allies, including former Interior Secretary David Bernhardt, whose former clients stood to benefit from the rule repeal — leaving taxpayers with $42.1 million annual bill.
“The Biden administration’s move on royalty loopholes for Big Oil is a meaningful step forward, but the President still has a ways to go if he is serious about his commitment to combatting climate change and protecting our nation’s cherished public lands,” said Kyle Herrig, president of Accountable.US. “The Biden administration must move boldly without further delay to reform the public lands leasing program and take decisive action to put taxpayers and the environment ahead of wealthy oil and gas industry executives.”
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