Biden Administration Moves to Raise the Cost of Drilling on Federal Lands - The New York Times

"The Biden administration is recognizing that over a century of business as usual by the oil and gas industry is incompatible with a world being ravaged by climate change, a crisis induced primarily by the industry itself," said Josh Axelrod at the Natural Resources Defense Council, an advocacy group. But he added, "we can't continue to lease our public lands for fossil fuels while facing climate and biodiversity emergencies." 

Some of the changes were mandated by the 2022 Inflation Reduction Act, which directs the Interior Department to increase the royalty rates paid by companies that drill on public lands to 16.67 percent from 12.5 percent, and to increase the minimum bid at auctions for drilling leases to $10 per acre from $2 per acre, among other provisions. The 12.5 percent royalty rates have been in place since 1920...

https://www.nytimes.com/2023/07/20/climate/biden-drilling-federal-lands.html