(Bloomberg) -- A U.S. congressional panel narrowly
approved a measure opposed by the oil and gas industry because it
delays permits for drilling on federal lands.
The Natural Resources Committee in a 26-22 vote gave the
Interior Department six months to establish a new fee structure
that would likely raise the cost of drilling on federal lands.
The legislation also lengthens by 60 days a mandate in the 2005
Energy Policy Act that the department process permits within 30
days.
Read more at Bloomberg Energy News
approved a measure opposed by the oil and gas industry because it
delays permits for drilling on federal lands.
The Natural Resources Committee in a 26-22 vote gave the
Interior Department six months to establish a new fee structure
that would likely raise the cost of drilling on federal lands.
The legislation also lengthens by 60 days a mandate in the 2005
Energy Policy Act that the department process permits within 30
days.
Read more at Bloomberg Energy News
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