DOI Axes Trump Rule That Would Have Made Public Lands Drilling Cheaper

"The Interior Department on Tuesday withdrew a Trump-era rule that was expected to make it cheaper for industry to drill on federally owned lands and in public waters.

The announcement of the withdrawal, which will be published in the Federal Register this week, comes after the Biden administration had previously delayed the Trump rule from taking effect.

The department argued in a statement on Tuesday that its move means that fossil fuel companies will pay their fair share to drill on public lands, estimating that it will prevent $64 million in lost payments each year."

Rachel Frazin reports for The Hill September 28, 2021.

Source: The Hill, 09/29/2021