The Trump administration has proposed looser rules for oil and gas drilling operations on federal lands, aiming to reduce regulations and make it easier to invest in domestic fossil fuel production.
Key Proposals
The Department of the Interior plans to lower the cost of statewide bonds for wells to $25,000 per state, down from $500,000, and shorten public participation in oil and gas permitting to 10 days from 90 days. Additionally, the agency proposes to roll back requirements aimed at curtailing methane emissions from oil and gas operations, which would cut compliance costs by nearly $17 million a year.
According to Interior Secretary Doug Burgum, these updates will help cut through red tape and ensure public lands remain a reliable engine for economic growth and innovation.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
