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(Reuters) – Trump administration will reconsider a rule required to pay about $ 7 billion in the financial security to cover the cost of recognizing the new financial security of the oil and gas industry.
The agency said the agency will develop a new regulation, but did not give specifications. The movement is given to reduce the Federal Rules of the President Donald Trump and increase local energy production.
A domestic spokesman reblogged this from next comment.
“This amendment will be directed to the capital of our nation’s energy manufacturers to future rents, intelligence and production, while protecting the American taxpayer,” Interior Minister Doug Burgum said.
Last year, the Ocean Energy Management Bureau last year last year, investment grade loan ratings or sufficient oil and gas reserves, which are required to rent, or sufficient oil and gas reserves are required to lease.
The procedure, the rule, which claims to increase the costs for smaller companies, occurred in court by three oil-producing state. The federal judge refused to block the government earlier this year.
The rule was supported by the environmental protection teams such as Sierra Club, saying that Bidin reform is “responsible for the responsibility of cleaning oil and gas companies.”
(Reporting by Nichola Groom)
