1 articles · Updated · The New York Times · Jun 22
Summary
$500,000 statewide drilling bonds would drop to $25,000 under one of two Interior Department proposals unveiled Monday for oil, gas and coal extraction on federal lands.
The second proposal could let companies release more methane, pairing lower upfront costs with weaker environmental requirements as the administration pushes faster fossil-fuel development.
Doug Burgum said the changes would deliver “regulatory clarity” and remove barriers that have deterred investment in domestic energy production on public lands.
The moves extend President Donald Trump’s broader “drill, baby, drill” agenda, which has sought to expand leasing, speed permitting and roll back conservation-focused rules across federal lands and waters.