skip to main content
skip to newscasts

Monday, April 29, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Three US Marshal task force officers killed in NC shootout; MA municipalities aim to lower the voting age for local elections; breaking barriers for health equity with nutritional strategies; "Product of USA" label for meat items could carry more weight under the new rule.

view newscast page
play newscast audioPlay

Big Pharma uses red meat rhetoric in a fight over drug costs. A school shooting mother opposes guns for teachers. Campus protests against the Gaza war continue, and activists decry the killing of reporters there.

view newscast page
play newscast audioPlay

More rural working-age people are dying young compared to their urban counterparts, the internet was a lifesaver for rural students during the pandemic but the connection has been broken for many, and conservationists believe a new rule governing public lands will protect them for future generations.

Report Underscores Need for Oil, Gas Leasing Reforms

play audio
Play

Thursday, December 2, 2021   

DENVER -- President Joe Biden's Build Back Better Act includes reforms for oil and gas production on public lands first introduced by the Reagan administration.

Pegah Jalali, environmental policy analyst at the Colorado Fiscal Institute, sees the reforms as an opportunity to hold companies accountable for environmental costs, and to fix a program a recent Department of Interior report found to be outdated and broken.

"It benefits oil and gas companies," Jalali contended. "And harms public lands and habitats, and exacerbates climate change, and puts huge financial burdens on communities and taxpayers."

Taxpayers lost out on more than $12 billion in oil and gas revenues between 2010 and 2019, according to analysis by Taxpayers for Common Sense. Build Back Better would increase royalty rates
companies pay for extracting resources on public lands for the first time in more than 100 years, a move industry groups say would increase costs and limit production.

According to a poll conducted earlier this year by Colorado College, 78% of Coloradans say oil and gas development on public lands should be stopped or strictly limited.

Jalali agreed the reforms could increase costs to oil and gas companies.

"They have been profiting from these public resources that belong to all Americans, and they have not paid the fair returns to taxpayers," Jalali asserted.

The Interstate Oil and Gas Compact Commission estimates there are more than 740,000 orphan wells across the U.S.

Jalali emphasized Build Back Better would increase bond amounts companies have to put up before drilling to cover costs of reclamation.

"(Many) oil and gas companies, when they are done with production of the well, they just abandon the well, or they declare bankruptcy," Jalali pointed out. "And then the communities and taxpayers are left with the huge costs of cleanup."

Disclosure: Colorado Fiscal Institute contributes to our fund for reporting on Budget Policy and Priorities, Census, Education, and Livable Wages/Working Families. If you would like to help support news in the public interest, click here.


get more stories like this via email
more stories
Some groups see disproportionately high rates of suicide, including veterans, racial and ethnic minority groups, people with disabilities and LGBTQIA+ people. (Adobe Stock)

Health and Wellness

play sound

Rates of suicide among young people have increased by about 36% in roughly the last two decades and the surge has caught the attention of federal poli…


play sound

Members of Nebraska's LGBTQ+ community and their supporters saw positive actions at both the state and federal level this month. At the state level…

Social Issues

play sound

Missouri residents are gaining new insights into the powerful role of food in health care as experts and organizations advocate for a shift toward foo…


Voters who say abortion is the most important issue to their vote are disproportionately younger, Democratic-leaning, and want abortion to be legal in all cases. (Adobe Stock)

Health and Wellness

play sound

Nevada health-care providers, patients and advocates are responding to the U.S. Supreme Court case that'll determine the future of the Emergency …

Social Issues

play sound

Some New Hampshire businesses and educators say legislation targeting LGBTQ+ students is harming both kids and the state's economy as it faces a criti…

Individuals present during atmospheric nuclear weapons testing could qualify for a single, substantial financial payment as compensation. (Hamara/AdobeStock)

Environment

play sound

A Knoxville-based environmental group is advocating for the Radiation Exposure Compensation Act expansion, currently awaiting House approval…

Environment

play sound

State officials in Maine are preparing the next generation for climate change-related activism and careers. A new state-run website helps young …

Social Issues

play sound

The American Civil Liberties Union of Texas says it is monitoring protests at college campuses, after almost 60 students protesting the Israeli-…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021