Reps. Grijalva, Lowenthal Release GAO Report Finding Fossil Fuel Companies Have Avoided Paying Billions in Taxpayer Royalties From Offshore Drilling
October 24, 2019
October 24, 2019
WASHINGTON, Oct. 24 -- Rep. Raul Grijalva, D-Arizona, issued the following news release:
Chair Raul M. Grijalva (D-Ariz.) and Rep. Alan S. Lowenthal (D-Calif.), Chair of the Subcommittee on Energy and Mineral Resources, today released a Government Accountability Office (GAO) report finding that U.S. taxpayers have been deprived of nearly $20 billion in offshore oil and gas revenues due to a Newt Gingrich-era law that exempted certain offshore leases from having to pay federal royalt . . .
Chair Raul M. Grijalva (D-Ariz.) and Rep. Alan S. Lowenthal (D-Calif.), Chair of the Subcommittee on Energy and Mineral Resources, today released a Government Accountability Office (GAO) report finding that U.S. taxpayers have been deprived of nearly $20 billion in offshore oil and gas revenues due to a Newt Gingrich-era law that exempted certain offshore leases from having to pay federal royalt . . .