WASHINGTON (Reuters) – The U.S. Department of the Interior said on Monday it has rescinded an Obama-era rule that reformed how energy companies value sales of oil, gas and coal extracted from federal and tribal land to protect taxpayers because it caused “confusion and uncertainty” for energy companies.
Interior Secretary Ryan Zinke said the department’s newly formed royalty policy committee would propose alternatives to the rule and “remain committed to collecting every dollar due.” Continue reading “U.S. Interior Department rescinds coal valuation rule”