House Democrats Eye Climate Fee As Alternative To Oil Leasing Ban

March 15, 2021
As the Biden administration considers reforms to the federal oil and gas leasing program, some House Democrats are weighing options, including higher royalty rates and updated emissions rules, though new analysis finds a carbon royalty fee could boost revenues and cut emissions even more than the Democrats’ proposals. In addition, one economist says a carbon fee could be more effective in balancing environmental and economic priorities than a permanent leasing moratorium that some Democrats and environmentalists are seeking, since it...


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