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Republicans end US leases threat
By Upstream staff
The US House of Representatives shot down legislation that would have forced oil and gas companies to explore the 68 million acres (272,000 square kilometres) of non-producing public land they have under lease or be denied the right to lease lands at future sales.
The Responsible Federal Oil & Gas Lease Act — also dubbed the “Use It or Lose It” bill — was sponsored by West Virginia Democrat Nick Rahall.
The legislation passed with a 233 to 195 vote, but did not receive the two-thirds majority needed to move the bill forward under the special procedural rules used to bring up the measure.
More details in this week's edition of Hardcopy .
Friday, 04 July, 2008, 14:47 GMT | last updated: Friday, 04 July, 2008, 14:47 GMT
