By WMAL.com
The Department of the Interior said on Friday that it will be moving forward with plans for oil and gas leasing on federal lands. This comes after an appeals court halted the decision of a lower court allowing the Biden Administration to use values known as “social costs” to quantify the climate costs of oil an gas leasing projects.
- “Social costs”: are used by the Biden Administration to help it decide the climate cost of opening up oil and gas leases to increase production of America’s natural resources.
- A win for American energy: “At a time when the administration and allies around the world are calling for more American energy, we welcome the Department of the Interior’s announcement today and urge the administration to hold onshore lease sales under the Mineral Leasing Act with sufficient acreage and fair terms,” said Frank Macchiarola. American Petroleum Institute senior vice president of policy, economics and regulatory affairs.
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