Udall wants GAO to investigate whether mining profits are being properly taxed

With profits soaring for hard-rock mining and oil and gas companies doing business on public lands, U.S. Sen. Tom Udall, D-N.M., is leading the charge to get the Government Accountability Office (GAO) to investigate whether American taxpayers are getting their fair share.

Udall, cousin of Colorado Sen. Mark Udall, sent More…

New Mexico Dems introduce legislation to require uranium mining royalties

Two New Mexico Democrats today introduced a bill that would require uranium mining companies to pay a 12.5-percent royalty on federal lands – a move Sen. Mark Udall of Colorado at least favors studying given the growing interest in uranium mining and nuclear power.

The Uranium Resources Stewardship Act introduced More…

BP to Pay Royalties on Captured Oil From Spill

BP will have to pay royalties on all oil and gas that it captures from the Macondo well, which has been leaking thousands of gallons of oil into the Gulf of Mexico since April, according to the Interior Department. At the same time, if BP is found to be More…

Mining Royalty Reform Could Pit Reid Against Obama Administration

From The Colorado Independent:

Unlike oil and gas extraction, pulling hard-rock minerals like uranium, gold and copper out of the ground is a royalty-free proposition in the United States, despite the often enormous costs of cleaning up public lands after the fact.

The Environmental Protection Agency

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