Bill > HR4426

This bill, called the Sustainable Energy Development Reform Act, aims to reform federal onshore and offshore fossil fuel leasing, exploration, and development; promote renewable energy on public lands; prepare for the impacts of climate change; increase industry accountability; improve returns to taxpayers for the development of federal energy resources; and protect special places. The key provisions of the bill include: - Increasing royalty rates, minimum bid amounts, and rental rates for onshore oil and gas leases to ensure a fair return to taxpayers. - Establishing requirements for surface use agreements, disclosure of lease information, and protection of surface owners for onshore oil and gas development. - Authorizing the Secretary of the Interior to adopt master leasing plans and conduct parcel-by-parcel review for onshore oil and gas leasing. - Establishing a program to address abandoned and orphaned oil and gas wells on federal and non-federal lands. - Regulating methane emissions from oil and gas operations, including requirements to capture 99% of gas produced. - Promoting the development of renewable energy on public lands through priority areas, environmental reviews, and revenue sharing. - Requiring consideration of climate change impacts in energy development decisions and the use of the social cost of carbon in cost-benefit analyses. - Designating the Arctic National Wildlife Refuge coastal plain as wilderness. - Increasing funding for the Land and Water Conservation Fund and requiring a portion to be used for public access projects. Overall, the bill aims to reform the federal management of onshore and offshore energy resources to better protect the environment, address climate change, and ensure a fair return to taxpayers.

Agriculture and Natural Resources

https://www.congress.gov/bill/115th-congress/house-bill/4426/all-info