Now that IRA is Law, Interior Must Hold Oil and Natural Gas Lease Sales

• Federal oil and natural gas leasing is mandated by IRA
• Interior Department must halt the ban and immediately schedule lease sales
• Methane fee will increase costs for consumers

 
DENVER -- Following President Biden signing the Inflation Reduction Act (IRA) into law today, Western Energy Alliance calls on Interior Secretary Deb Haaland to immediately schedule quarterly oil and natural gas lease sales. IRA mandates that Interior hold regular, substantial oil and natural gas lease sales prior to approving rights of way for federal wind or solar energy development.
 
“Congress has once again sent a resounding message to Interior about the importance of federal oil and natural gas. By supporting IRA, every Democrat in Congress and the president of the United States agreed that oil and natural gas is critical to our economic and national security. By connecting federal leasing directly to renewable energy permitting, lawmakers recognize the value of increasing American production to bring down energy inflation and enhance national security,” said Kathleen Sgamma, president of the Alliance. “Leasing federal lands for development is the law under IRA, the Mineral Leasing Act, and other laws. It’s now time for the Interior Department to move forward swiftly with oil and natural gas leasing.” 

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