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Biden raises federal oil and gas royalties and reclamation bonds

Apr 15, 2024
In collaboration with
energynews.us
Biden raises federal oil and gas royalties and reclamation bonds

OIL & GAS: The Biden administration finalizes rules raising royalty rates and reclamation bond amounts for oil and gas drilling on federal land, drawing mixed reactions from industry and advocates. (High Country News)

ALSO: Arguments begin in New Mexico advocates’ lawsuit accusing the state’s fossil fuel-friendly policies of failing to protect residents from oil and gas pollution. (NM Political Report)

TRANSITION:

  • New Mexico awards coal community entities in the northwestern part of the state $5.9 million to fund energy transition projects, including a microgrid on the Navajo Nation and a city’s solar-plus-storage installation. (NM Political Report)
  • The Navajo Nation awards a modular home manufacturer $74 million to expand its facility at a shuttered coal plant in Arizona so it can build affordable housing for tribal members. (Source NM)

SOLAR:

UTILITIES:

ELECTRIC VEHICLES: A California startup trains workers and develops software aimed at facilitating public electric vehicle charger maintenance and repair. (Los Angeles Times)

ELECTRIFICATION: Colorado launches an online calculator aimed at helping residents navigate home electrification incentives. (CPR)

TRANSPORTATION:

NUCLEAR: Federal regulators deny a developer’s claims they had greenlit a proposed nuclear microreactor project in Montana. (Billings Gazette)

COAL: Investors look to use coal from a Wyoming mine as feedstock for manufacturing cosmetics and fertilizer, as well as other non-combustion applications. (Cowboy State Daily)

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