The Republican leaders of two key House committees have launched an investigation into the Biden administration’s handling of fossil fuel leasing practices.
The investigation comes after a leaked memo that recommended charging energy companies a royalty rate of 18.75%, the highest allowable rate under the law, for a large oil and gas lease sale in Alaska.
The Republicans were quick to criticize the Department of Interior’s (DOI) oil and gas leasing delays and Laura Daniel-Davis’ recent memo, which prioritized climate considerations over energy security. The Republicans accused the Biden Administration of obstructing America’s energy producers in an effort to force a radical Green New Deal agenda on the American people, and of contributing to the ongoing energy crisis that threatens America’s national security, discourages future investment, and causes lasting damage to the economy.
It’s time for the Biden Administration to prioritize economic development and American energy security. Congress must ensure that DOI is fulfilling its responsibility to advance policies that unleash American energy production and strengthen an industry that provides good-paying job opportunities.
The Republicans will continue to hold the administration accountable for its actions and ensure that the American people are not paying the price for its misguided policies.
