DOI Wants Extra $66M To Fund Offshore Drilling Reform

Law360, New York (September 14, 2010, 2:55 PM EDT) -- The Obama administration has told lawmakers it wants an additional $66 million to help reform federal oversight of offshore drilling, which would be paid for largely by cutting $50 million in funding for oil and gas production research.

In a letter to Congress on Monday that outlined proposed amendments to the U.S. Department of the Interior's fiscal year 2011 budget, the White House also said it would more than double inspection fees for offshore oil and gas operators to raise additional revenue.

By hiking fees and...
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