After a volatile year for the energy sector, the surprise resurgence of a congressional tax and climate bill brings with it significant implications for the industry. That development comes as the current geopolitical climate has stymied supply, consumers are experiencing significant increases at the pump, and prospects for increased U.S. production have narrowed. In April, the Bureau of Land Management issued final environmental assessments and sales notices that significantly reduced available acreage on public lands for onshore oil and gas lease sales, increased royalty rates and included a provision to examine the "social cost of carbon" for lease sales.
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