DOI rolls back Trump royalty rule, resetting fossil fuel rates

The Department of the Interior (DOI) is finalizing its proposal to withdraw a 2020 rule that eased both coal and oil and gas royalty requirements, the latest Biden administration effort to overturn Trump-era energy policy rollbacks that had sought to ease production of fossil fuels. DOI’s Office of Natural Resources Revenue (ONRR) on Sept. 28 publicly released its final rule overturning the 2020 regulation that would have generally lowered royalty rates for fossil fuel production on public lands. The Withdrawal...