Drilling and Mining on Public Lands: The State of Play
WASHINGTON -- The Project On Government Oversight (POGO) and Taxpayers for Common Sense (TCS) today released a report examining the five most significant reforms the Obama administration made to the way the federal government does business with companies that extract oil, gas, and minerals from public land. The groups also listed the five most urgent reforms still necessary to ensure that American taxpayers get their fair share of natural resource revenues from federal land.
TOP FIVE NATURAL RESOURCE REFORMS
- Royalty-In-Kind program is terminated (2009)
- Dodd-Frank requires companies to disclose natural resource payments (2010)
- Troubled Minerals Management Service is dissolved (2011)
- United States joins Extractive Industries Transparency Initiative (2011)
- Oil, gas, and coal regulations overhauled for first time in decades (2016)
TOP FIVE REFORMS STILL NECESSARY:
- Overhaul the federal coal program (in progress)
- Ensure a fair return on renewable energy (in progress)
- Ensure coal companies pay to clean up after themselves (in progress)
- Stop giving away minerals on federal lands for free
- Be more transparent about lost natural gas
Read the full report here.