Monday, June 29, 2015

Greens intensify fight for higher energy royalties

Progressives and environmentalists are upping the pressure on the Obama administration to increase the fees that energy companies pay to extract oil, natural gas and coal from the federal government’s land. The advocates and their Democratic allies in Congress say they’re out to ensure taxpayers get a fair return for the minerals the government owns, while better protecting the environment and being fair to other industries. The coalition pushing for higher rates can now count Democratic presidential frontrunner Hillary Clinton as one of its allies after she highlighted the issue earlier this month as she formally launched her campaign. Clinton said at her New York City speech that she would push for “additional fees and royalties from fossil fuel extraction to protect the environment,” with the money going to clean and renewable energy expenses. Campaign spokesman Ian Sams declined to comment further on the policies. The Interior Department is beginning to work on several fronts to change fees and lease terms. “A lot of it is driven by the need to create a level playing field among extractive industries on taxpayer-owned lands,” said Matt Lee-Ashley, director for public lands at the Center for American Progress...more

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