The Biden administration on Thursday proposed to raise fees associated with drilling for oil on public lands — making it more costly to drill on lands owned by the federal government, but giving the government more cash when that drilling takes place. Many of the changes to the Bureau of Land Management’s new proposed rule were spelled out as part of the Inflation Reduction Act. However, the rule also contains additional actions from the Biden administration. One such new action would alter the bond policy in order to combat what the administration described as a current system that “increases the risk that taxpayers will end up covering the cost of reclaiming wells in the even
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