On September 22, 2023, Taxpayers for Common Sense submitted comments to the Department of the Interior (DOI) and Bureau of Land Management (BLM) on the proposed rule, “Fluid Mineral Leases and Leasing Process.”

TCS applauds the Bureau of Land Management’s (BLM) proposal to codify reforms in the Inflation Reduction Act (IRA), increase bonding requirements for the first time in over 60 years, and direct leasing towards areas with a higher potential of oil and gas development and away from important and sensitive wildlife habitat or cultural sites. Prioritizing leasing on lands with existing oil and gas infrastructure or high production potential will help deter speculation and lead to more efficient use of taxpayer resources. In addition to these vital reforms, TCS urges BLM to pursue a higher royalty rate of 18.75 percent post the 10-year IRA window that is more aligned with market rates to ensure a fair return for taxpayers.

Download the comments here or read them below.