The Trump Administration's Bad Deal for Public Lands
As wildfires exacerbated by climate change ravage the western United States, the Trump administration is fueling future climate disasters by continuing to hand over pristine public lands to private fossil fuel developers at breakneck pace.
That would be bad enough, but this fire sale of public lands is happening at arguably the worst possible moment for the American taxpayer: Global energy prices are at record lows, which means oil and gas developers are unwilling or unable to pay a fair price for access to these lands.
A normal approach to a decline in prices is to delay selling an asset until demand, and prices, recover. So a rational administration would look at the decline in demand for oil and gas leases and see it as an opportunity to hit pause and come up with a fiscally and environmentally smarter way to manage these lands.
Instead, the Trump administration is rushing ahead with these lease sales, locking in more harmful greenhouse gas emissions while failing to earn a decent return for American taxpayers.
https://www.yahoo.com/news/trump-administration-bad-deal-public-083047132.html
The Republican grab and dash continues.
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