A House Natural Resources subcommittee will question energy executives and advocates this week on the Republicans’ quest to increase offshore drilling and reverse Biden administration limits.
Leaders in both chambers have said more drilling on federal land and waters would help raise the revenue necessary for offsetting deep Republican tax cuts in budget reconciliation legislation.
Part of that plan, lawmakers have said, is reversing at least part of President Joe Biden’s order to block offshore drilling on more than 600 million acres.
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“Reductions in new leasing artificially increases the cost to produce for operators, raises consumer costs, and decreases American energy independence,” said a memo about the hearing.
