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As the coronavirus pandemic continues to suppress energy demand and hold prices at unprecedented lows, the Trump administration is issuing millions of dollars of retroactive bills to wind and solar companies. The administration stopped collecting payments in 2018 to review rental rates for renewable energy on public land. Between the energy glut and stalled development of new projects, the renewable energy industry has been hit hard. However, companies are now expected to pay $50 million collectively.
The Interior Department's actions are in sharp contrast to its treatment of the oil, gas, and coal industries during this time. Secretary David Bernhardt promised to reduce royalty payments for oil and gas companies that ask for it, and the retroactive bills were issued at the same time as the BLM notified oil and gas companies on the procedures to recieve royalty relief. President Trump personally met with oil company executives at the White House, and the Treasury is considering lending programs specifically for oil and gas companies.
Join the Road to 30 Virtual Tour
Today, join the Center for Western Priorities and the Sierra Club to kick off a virtual road tour discussing the bold vision to protect 30 percent of America by 2030—a goal that can conserve nature, strengthen communities, and improve public health. We'll be joined by U.S. Senator Tom Udall and National Geographic Explorer-in-Residence Dr. Enric Sala, both leaders in the effort to protect our natural heritage.
RSVP or tune into YouTube Live at 3:00 pm ET/1:00 pm MT!
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With the price of oil way down currently because of the crisis, there’s absolutely no reason to rush this planning process and thrust a hasty decision on New Mexicans that puts thousands and thousands of historic, sacred sites at risk as well as the folks living now at ground zero.”
