US EditionGOP Weighs More Taxes on Companies for Top Executives’ Pay
- The U.S. Department of the Interior accelerated approval for fossil fuel projects in early 2025, shortening reviews to as little as two weeks mainly in the Gulf of Mexico.
- This acceleration follows a 2017 Trump executive order declaring a national energy emergency and aims to boost production despite concerns about legal and staffing challenges.
- Experts warn that the accelerated review schedules may conflict with fundamental environmental protection laws, such as the National Environmental Policy Act and regulations safeguarding threatened wildlife, increasing the likelihood of legal disputes due to diminished public participation and oversight.
- The Interior Department claims the changes could increase Gulf production by 100,000 barrels per day, but critics note political uncertainty and potential court delays may deter investment.
- These policy shifts reflect efforts to sustain U.S. Energy dominance while highlighting tensions between regulatory streamlining and environmental protections.
6 Articles
6 Articles
GOP Plans Billions in Oil, Gas Sales to Help Pay for Trump’s Tax Bill
House Republicans plan to raise more than $15 billion in revenue through increasing US oil, gas and coal lease sales, as well as other measures, to help pay for President Donald Trump’s massive tax cut package, according to a document seen by Bloomberg News.
GOP Weighs Taxes on Companies for Top Executives
“House Republicans are seriously considering proposals to further limit tax deductions that companies can take for their highest-paid workers’ compensation, expanding restrictions that now apply only to a handful of current or former executives making more than $1 million,” the Wall Street Jou
CRS: Federal Oil & Natural Gas Leasing Revenue Tops Nearly $8.5 Billion in 2023
Revenues from oil and natural gas leases on onshore federal lands totaled $8.497 billion in 2023, according to a new Congressional Research Service (CRS) report. In fact, oil and natural gas leasing represents a whopping 93 percent of the total federal revenue from all leasable minerals and geothermal on onshore federal lands. In the past ten years, these revenues have consistently increased, exemplifying the ongoing, strong contributions the in…
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