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US forced to cut mineral revenue payments to states, prompting backlash

2013-03-28 13:39:11| Climate Ark Climate Change & Global Warming Newsfeed

EnergyWire: The Interior Department has informed dozens of states that it will withhold millions of dollars in federal mineral revenue payments due to budget cuts necessitated by sequestration, a move that stunned the state of Wyoming, which receives nearly $1 billion in annual payments. Interior's Office of Natural Resources Revenue (ONRR) has informed the treasurers in 36 states that sequestration will force withholding millions of dollars in monthly mineral lease payments for oil and natural gas development...

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