GOP lawmaker wants vote on public lands bill delayed over decline in oil and gas revenue
Rep. Rob Bishop (Utah), the top Republican on the House Natural Resources Committee, is pushing to delay a vote on a major public lands bill in light of a decline in federal oil and gas revenue.
The Great American Outdoors Act, which has broad bipartisan support, would use mostly offshore oil and gas revenues to permanently fund a conservation program known as the Land and Water Conservation Fund (LWCF). The bill is slated for a floor vote Wednesday.
Bishop, an opponent of permanently funding the LWCF, said the chamber should delay the vote following a Congressional Research Service report published last week that found an 84 percent decline in offshore drilling funds sent to the government in May compared to the same month in 2019.
“Given what has been confirmed by the Congressional Research Service and knowing how this language is drafted, it would be ludicrous for House Democrats to move forward with this bill without amendment,” Bishop, who is not running for reelection, said in a statement Monday, adding that the report “has just confirmed that these revenue streams have evaporated due to the pandemic.”
Companies that drill for oil and gas on public lands and waters have to pay the federal government based on how much energy they produce.
Earlier this year, prices plummeted amid a lack of demand due to the coronavirus pandemic, and some companies may have cut back on drilling. Others have applied for lower royalty rates as a result of lower prices.
However, energy demand has somewhat rebounded since then.
While Bishop opposes the LWCF provisions in the bill, he is supportive of the portions that would address a maintenance backlog for national parks.
He has proposed an amendment that would allow LWCF funds to be used for priority deferred maintenance projects if there’s a revenue shortfall.
The Senate passed the Great American Outdoors Act last month in a 73-25 vote. President Trump has also signaled support for the legislation.
Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed..