Katie Porter: “States like Texas charge much higher royalty rate to extract…”

“So in essence, the US Government is giving away a bargain basement deal to fossil fuel companies who want to drill and extract on public lands. So even very, very fossil fuel friendly states, States like Texas charge much higher royalty rate to extract from their state lands than the federal government does for extraction from federal land. So we need to change that and update that royalty rate so that it's, it's set in such a way that it reflects the fact that drilling, for example, has become a lot less risky than it used to be.” (09:59–10:13)

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