On February 24th, Donald Trump rescinded a Office of Natural Resource Revenue rule that prevented companies from selling fossil fuels extracted on public lands to a subsidiary at a low price, paying royalties on that initial sale, and then reselling the fuel at a far higher price without paying royalties on the second sale.
In response, Sierra Club Lands Protection program Director Athan Manuel released the following statement:
“It’s no surprise that someone with Donald Trump’s checkered business history would rescind a rule preventing fossil fuel companies from ripping off the American people. Donald Trump should represent the people, and as such, should conduct business that puts their interests first — not rig the system for corporate polluters.”
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