A ban on new oil and gas drilling leases on federal lands would cost eight Western states $8.1 billion in tax revenue and $34.1 billion in investment in the next five years, according to a study released on Tuesday by the state of Wyoming.
The report, commissioned by one of the nation’s top oil and gas-producing states, aims to push back against Joe Biden’s campaign promise to halt leasing on public lands as part of a sweeping plan to tackle climate change.
