The Biden administration seems to be considering an increase in royalty rates for oil companies operation onshore, Reuters has reported, citing an accidental release of a draft notice posted on the website of the Bureau of Land Management that was later removed. The proposed increase, according to the draft notice, is to 18.
75 percent, compared with a minimum 12.5 percent required by law, the report noted. It also added a comment by an Interior Department official who said, "The BLM accidentally posted some pre-decisional draft language on their…Biden Administration Considers Hiking Royalty Rates For Oil
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