Your search for lease received 60 results.
- DC Circ. Tosses Bid To Nix Offshore Oil, Gas Lease Program – But despite the result, CES’ counsel Michael Livermore told Law360 that the court left the door open to future challenges on one of its major arguments: that Interior should use a quantitative rather than qualitative approach to assess the informational or option value of delaying leasing.
- Victory at Sea: New Offshore Leasing Program Begins to Adopt Policy Integrity Recommendations – Policy Integrity’s multi-year effort to make the government account for “option value” in its natural resource leasing decisions has begun to pay off. In its new proposal for offshore oil and gas leasing from 2017-2022, the Department of the Interior’s Bureau of Ocean Energy Management (BOEM) devotes 12 pages to…
- Policy Integrity’s Livermore says BOEM moving too quickly on new leases – …approval of new offshore lease sales? During today’s OnPoint, Michael Livermore, a professor at the University of Virginia School of Law and a senior adviser at the Institute for Policy Integrity, discusses his recent argument before the U.S. Circuit Court for the District of Columbia on a case pertaining to…
- Enviros Call On DC Circ. To Nix Offshore Lease Program – “Interior fails to give the same treatment to environmental and social costs and gives no explanation for the different treatment,” CSE’s counsel Michael Livermore said during Thursday’s oral arguments.
- Opening Brief Filed in Offshore Drilling Lawsuit – Policy Integrity, on behalf of the Washington, D.C.-based Center for Sustainable Economy, filed the opening brief in a lawsuit to halt illegal practices at the Bureau of Ocean Energy Management. The brief argues that incomplete and flawed economic analysis leads BOEM to sell new offshore leases too quickly and too…
- Lawsuit Challenging BOEM’s plan for selling offshore leases – Policy Integrity, along with environmental attorney Steven Sugarman, are counsel to the Center for Sustainable Economy (CSE) in their lawsuit against the Bureau of Ocean Energy Management (BOEM) to halt the agency’s first five-year outer continental shelf oil and gas leasing program approved since the Gulf oil disaster.
- Letter to BOEM regarding options value – Currently, the federal government treats lease sales as a now-or-never decision. That’s an approach that leads to too many leases sold too quickly, at too low a price. Instead, BOEM should be waiting to sell these leases until the time is right—when they can get the highest possible price.
- Patience is a(n Economic) Virtue – Consideration of real options is necessary to maximize economic return from non-renewable natural resource extraction. But ecisions over drilling are often framed as a now-or-never choice, so the option to wait (or “real option” value) is improperly treated in administrative processes that determine whether, when, and how offshore oil resources…
- BOEMRE Responds to Policy Integrity’s Petition – The Bureau of Ocean Energy Management, Regulation, and Enforcement (BOEMRE) recently responded to our petition to reconsider its leasing policies. They commit to further review of our recommendations and mention the possibility of incorporating our findings in the next 5-year leasing program.
- Petition to BOEMRE on Option Value – This morning, Policy Integrity petitioned the Bureau of Ocean Energy Management, Regulation, and Enforcement (BOEMRE) to reconsider its leasing policies, which may encourage over-drilling. The topic is the Outer Continental Shelf Lands Act’s (OCSLA) requirement of the Secretary of the Interior to develop five-year schedules that specify the timing for…