Katie Porter: “The US Government is giving away a bargain basement deal to…”

“So as the price of the oil goes up, there's some, you know, there's additional money. But the reality is states, private landowners, they have increased their royalty rates. 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 charging much higher royalty rate to extract from their state lands than the federal government does for extraction from federal land.” (09:49–09:59)

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