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As part of settlement agreements with environmental groups and Colorado, the Bureau of Land Management is reviewing the Uncompahgre Resource Management Plan, which guides the management and use of nearly 1 million acres of public lands and mining estates in western Colorado. Among the amendments he is considering to the Trump-era plan are alternatives that would reduce the number of acres open to oil and gas leasing.
Melissa Hornbein, senior attorney at the Western Environmental Law Center, joined the podcast to discuss the process of amending the RMP, including how it came to be and what environmental groups want to see happen. She also explained how the interests of the oil and gas industry are weighed against conservation goals and what a change in administration could mean for the RMP process.
Stick with Binish Azhar with the Market Minute, a look at near-term oil market drivers.