Biden Asks Congress to Punish Oil Companies Not Drilling More

President Joe Biden asked Congress to hit oil companies with fines for not producing energy on permitted leases as part of his sweeping plan to address U.S. energy prices.

“Today, President Biden is calling on Congress to make companies pay fees on wells from their leases that they haven’t used in years and on acres of public lands that they are hoarding without producing,” the White House said in a fact sheet on Thursday.

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