Comments to Interior’s Royalty Policy Committee
On behalf of Policy Integrity, Policy Director Jayni Hein recently delivered a statement at the Department of Interior’s Royalty Policy Committee public meeting on October 4, 2017. Her statement included recommendations on how Interior can achieve “fair market value” for taxpayers for the use and development of federal resources, as well as how Interior can fulfil its “multiple use” mandate. Hein followed up her oral statement with written comments. Specifically, we recommend that Interior: increase federal fossil fuel royalty rates, in order to deliver increased revenue to taxpayers while reducing greenhouse gas emissions; reinstate the Coal Valuation Reform Rule; and eliminate royalty rate reductions that contribute to inefficiently high levels of production that hinder receipt of fair market value. We also ask that Interior continue to seek public engagement on these issues.