Republican leaders of two key House panels are investigating the Biden administration’s fossil fuel leasing practices. The investigation was prompted by a leaked memo recommending charging energy companies a royalty rate of 18.75% for a large oil and gas lease sale in Alaska.
The Republicans believe that the administration is obstructing America’s energy producers in an effort to force a radical Green New Deal agenda on the American people. They argue that the Democrats’ war against the oil and gas industry has driven energy prices higher and is hurting families across the country.
The Republicans are requesting documents and communications regarding administration oil and gas leasing decisions. They believe that Congress must ensure DOI is fulfilling its responsibility to advance policies that unleash American energy production and strengthen an industry that provides good-paying job opportunities.
The Biden administration should prioritize economic development and American energy security instead of pushing its climate agenda. The administration’s war against the oil and gas industry is hurting the American people and driving up energy prices.