DOI Plan Limits Oil Shale Activity, Scraps Royalty Rates

Law360, New York (March 25, 2013, 4:08 PM EDT) -- The Obama administration on Friday finalized a decision that effectively walls off vast tracts of land in western states to oil shale and tar sands development and junked royalty rates for oil shale established by the George W. Bush administration.

The U.S. Department of the Interior's decision, first announced last fall, opens 680,000 acres in Colorado, Utah and Wyoming to research and development for oil shale and about 130,000 acres in Utah for tar sands. That's a significant reduction from land allocation decisions made in the...
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