The heads of agencies shall identify for the Director of the Office of Management and Budget and the National Climate Advisor any fossil fuel subsidies provided by their respective agencies, and then take steps to ensure that, to the extent consistent with applicable law, Federal funding is not directly subsidizing fossil fuels. [...] For each tract bid, did the government or the developer propose the bid; how many parties bid; who were they; who won and with what bid rates and terms; who are the principals within the winning firm; did that lessee make all payments completely and on time; did they properly clean up the site and close the well; was the lease sold or transferred to another party? All of this data will allow power. [...] The checks and balances of the DOE Loan Program have been problematic in general;40 alternative structures to better share upside with taxpayers, more accurately price credit subsidy values, and create more long-term alignment of interests between funding gatekeepers and the performance of loan recipients are critical given the planned scale of this program under the Biden administration. [...] Ensure risks are adequately priced into the cost of sequestration, and that responsibility for performance remains with the parties central to the transaction rather than being shifted to the public sector or left uncovered, implicitly putting the financial burden on the surrounding population. [...] Distortions can “[o]ne of the perennial topics of discussion and study in the field of environmental law is the unusual amount of arise from weak exemptions or exclusions the oil and gas industry has received from our nation’s major environmental laws.
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