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Mon Apr 15, 2019, 08:19 PM

Federal court dismisses Trump administration's repeal of coal, oil valuation rule

Source: Reuters

SUSTAINABLE BUSINESS APRIL 15, 2019 / 10:31 AM / UPDATED 11 HOURS AGO

Federal court dismisses Trump administration's repeal of coal, oil valuation rule

Valerie Volcovici
3 MIN READ

(Reuters) - A federal court has struck down the Trump administration’s repeal of an Obama-era policy aimed at boosting revenue for taxpayers by changing how energy companies value sales of coal, oil and gas extracted from federal and tribal land.

The decision, which found the Interior Department’s repeal of the so-called valuation rule was “arbitrary and capricious”, was the latest blow to the Trump administration’s “energy dominance” agenda in the courts, where environmental groups and some states have challenged dozens of de-regulatory actions.

“Once again, the Trump Administration has been checked by the courts in its unlawful attempt to bend over backwards to please special interests at the expense of hardworking Americans,” California Attorney General Xavier Becerra said in a statement late on Friday.

Becerra said the district court ruling would result in $71 million a year more in royalties for U.S. taxpayers from companies that mine or drill on federal lands.

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Read more: https://www.reuters.com/article/us-usa-interior-royalties/federal-court-dismisses-trump-administrations-repeal-of-coal-oil-valuation-rule-idUSKCN1RR1K1

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Reply Federal court dismisses Trump administration's repeal of coal, oil valuation rule (Original post)
Eugene Apr 2019 OP
sandensea Apr 2019 #1

Response to Eugene (Original post)

Mon Apr 15, 2019, 08:21 PM

1. Cheeto will no doubt promise violators pardons galore

"Ignore the rules guys! That's what I've always done - and look where I am!"

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