A new report from Harvard University and Colorado State University determined that the U.S. National Park system represents more than $100 billion in value for the American economy annually. As part of the study, Americans said they'd be willing to pay $62 billion in annual taxes to fund conservation programs in the parks to ensure future generations are able to enjoy them. Meanwhile, park funding has remained relatively flat in recent decades despite increased visitation and the addition of dozens of new park sites. And the park maintenance backlog sits at more than $12 billion.
The report author, Linda Bilmes, said: “The national parks are the most beloved government entity in the country. They have enormous approval ratings, 330 million visits a year. People come from all over the world to see the national parks, but the parks are on an unsustainable funding trajectory.”
Updating oil and gas policies
This morning, the House Natural Resources Committee will hold a subcommittee hearing on introduced legislation to reform oil and gas leasing adjustments, royalty payments, and methane capture, among other issues.
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