Leading the World in Transparency in Natural Resource Revenu

[admin]

Leading the World in Transparency in Natural Resource Revenues
Posted by Ken Salazar on October 25, 2011 at 4:23 PM EDT

Over the last two and a half years, President Obama has placed a high priority on making government more effective, transparent, and responsive to the needs of citizens. Nowhere is transparency more important than in the management, development, and collection of revenues from energy and minerals in our public lands and oceans. Oil, gas, coal, renewable fuels, and minerals that the Department of the Interior oversees belong to every American, and every American deserves a fair return from development. That is why we have strengthened our royalty and revenue collection program; proposed to bring oil and gas royalty rates on public lands in line with those on private lands; strengthened requirements in energy leases to encourage timely exploration and development; and taken a number of other steps that will help guarantee the taxpayer a full and fair return from their resources.

http://www.whitehouse.gov/blog/2011/10/ ... e-revenues