Ending Speculative Oil and Gas Leasing on Public Lands
This law aims to protect public lands and national forests from speculative oil and gas leasing when the land has low or no potential for resource extraction. This ensures that federal lands are prioritized for multiple uses like recreation and conservation, saving taxpayer money previously wasted on managing unproductive leases. It mandates a thorough assessment of development potential before any land is offered for lease.
Key points
Prohibits leasing federal lands designated as having low or no potential for oil and gas development, except in specific cases (e.g., preventing drainage).
Saves taxpayer resources by eliminating the management of unprofitable, speculative leases.
Strengthens the protection of public areas for recreation, wildlife, and watershed management.
Requires mandatory, regularly updated assessments of development potential and increases public participation in leasing decisions.
Expired
Additional Information
Print number: 118_S_1622
Sponsor: Sen. Cortez Masto, Catherine [D-NV]
Process start date: 2023-05-16