Interior won't lower offshore drilling royalty rates

The Hill: The Interior Department will not be lowering the royalty rates from profits made from offshore drilling, despite a recommendation from an agency committee comprised largely of energy industry representatives.

Interior Secretary Ryan Zinke announced Tuesday that he will not lower offshore oil & gas royalty rates from drilling on federally controlled waters, citing "record" energy growth.

Read article

Share

i360Gov Newsletters

The most significant government policy, business, and technology news and analysis delivered to your inbox.

Subscribe Now

Also in Energy Policy & Technology