Download or read book Royalities at Risk in the Development of the Nation s Natural Resources written by Thomas Marinelli and published by Nova Science Publishers. This book was released on 2010-01-25 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: In addition to having a low government take, the deep water Gulf of Mexico and other U.S. regions are attractive targets for investment because they have large remaining oil and gas reserves and the U.S. is generally a good place to do business compared to many other countries with comparable oil and gas resources. Multiple studies completed as early as 1994 and as recently as June 2007 indicate that the U.S. government take in the Gulf of Mexico is lower than that of most other fiscal systems. For example, data GAO evaluated from a June 2007 industry consulting firm report indicated that the government take in the deep water U.S. Gulf of Mexico ranked 93rd lowest of 104 oil and gas fiscal systems evaluated. Generally, other measures indicate that the United States is an attractive target for oil and gas investment. The lack of price flexibility in royalty rates -- automatic adjustment of these rates to changes in oil and gas prices or other market conditions -- and the inability to change fiscal terms on existing leases have put pressure on Interior and the Congress to change royalty rates in the past on an ad hoc basis with consequences that could amount to billions of dollars of foregone revenue. For example, royalty relief granted on leases issued in the deep water areas of the Gulf of Mexico between 1996 and 2000 -- a period when oil and gas prices and industry profits were much lower than they are today -- could cost the federal government between $21 billion and $53 billion, depending on the outcome of ongoing litigation challenging the authority of Interior to place price thresholds that would remove the royalty relief offered on certain leases. Further, royalty rate increases in 2007 are expected to generate modest increases in federal revenues from future leases offered in the Gulf of Mexico. However, in choosing to increase royalty rates, Interior did not evaluate the entire oil and gas fiscal system to determine whether or not these increases strike the proper balance between the attractiveness of federal leases for investment and appropriate returns to the federal government for oil and gas resources. Interior does not routinely evaluate the federal oil and gas fiscal system, monitor what other governments or resource owners are receiving for their energy resources, or evaluate and compare the attractiveness of federal lands and waters for oil and gas investment with that of other oil and gas regions. As a result, Interior cannot assess whether or not there is a proper balance between the attractiveness of federal leases for investment and appropriate returns to the federal government for oil and gas resources. Specifically, Interior does not have procedures in place for evaluating the ranking of (1) the federal oil and gas fiscal system or (2) industry rates of return on federal leases against other resource owners. Interior also does not have the authority to alter tax components of the oil and gas fiscal system. All these factors are essential to inform decisions about whether or how to alter the federal oil and gas fiscal system in response to changing market conditions.
Download or read book Royalties at Risk written by United States. Congress. House. Committee on Natural Resources and published by . This book was released on 2007 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mining Royalties written by and published by World Bank Publications. This book was released on 2006-01-01 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains a wealth of information and analysis relating to mineral royalties. Primary information includes royalty legislation from over forty nations. Analysis is comprehensive and addresses issues of importance to diverse stakeholders including government policymakers, tax administrators, society, local communities and mining companies. Extensive footnotes and citations provide a valuable resource for researchers.
Download or read book Rents to Riches written by Naazneen Barma and published by World Bank Publications. This book was released on 2011-12-08 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume focuses on the political economy surrounding the detailed decisions that governments make at each step of the value chain for natural resource management. From the perspective of public interest or good governance, many resource-dependent developing countries pursue apparently short-sighted and sub-optimal policies in relation to the extraction and capture of resource rents, and to spending and savings from their resource endowments. This work contextualizes these micro-level choices and outcomes.
Download or read book Getting Royalties Right written by United States. Congress. House. Committee on Natural Resources. Subcommittee on Energy and Mineral Resources and published by . This book was released on 2008 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Natural Resources and Violent Conflict written by Ian Bannon and published by World Bank Publications. This book was released on 2003-01-01 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research carried out by the World Bank on the root causes of conflict and civil war finds that a developing country's economic dependence on natural resources or other primary commodities is strongly associated with the risk level for violent conflict. This book brings together a collection of reports and case studies that explore what the international community in particular can do to reduce this risk.; The text explains the links between natural resources and conflict and examines the impact of resource dependence on economic performance, governance, secessionist movements and revel financing. It then explores avenues for international action - from financial and resource reporting procedures and policy recommendations to commodity tracking systems and enforcement instruments, including sanctions, certification requirements, aid conditionality, legislative and judicial instruments.
Download or read book Understanding Sustainability Principles and ESG Policies written by Colin Read and published by Springer Nature. This book was released on 2023-09-26 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook explores sustainability, climate change, and the corporate responsibility movement from a broad array of perspectives, including the challenges, risks, and opportunities of ESG policies, energy and environmental science, economics and philosophy, and sound public and private sector management. There is no intergenerational issue that is more pressing than the challenge of sustainability and climate change. It is a concern that will only worsen within any reader’s lifetime, especially if we fail to act. At the same time, there is growing concern among corporations arising from the Environment, Social and Governance (ESG) paradigm that includes climate risk, future profits, and stakeholder expectations. Many of our leading institutions also increasingly acknowledge a responsibility for corporate decisions since the onset of the Industrial Revolution that plays no small role in bringing us to the existential precipice of our day. This book provides necessary tools of sufficient sophistication to address complex intergenerational issues, such as global warming, economic justice and fairness, appropriate intergenerational planning, sustainable finance, corporate risk management, and governance. The book offers a vital resource for students, shareholders, sustainability practitioners, agencies, and advocates interested in climate action, intergenerational accountability, and economic sustainability.
Download or read book Natural Gas Royalties written by United States. Congress. House. Committee on Government Reform. Subcommittee on Energy and Resources and published by . This book was released on 2008 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Crude oil tax written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1979 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Where is the Wealth of Nations written by and published by World Bank Publications. This book was released on 2006 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book presents estimates of total wealth for nearly 120 countries, using economic theory to decompose the wealth of a nation into its component pieces: produced capital, natural resources and human resources. The wealth estimates provide a unique opportunity to look at economic management from a broader and comprehensive perspective. The book's basic tenet is that economic development can be conceived as a process of portfolio management, so that sustainability becomes an integral part of economic policy making. The rigorous analysis, presented in accessible format, tackles issues such as g.
Download or read book Resource Nationalism and Energy Policy written by David R. Mares and published by Columbia University Press. This book was released on 2022-10-04 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is widely thought that state ownership of natural resources, oil and natural gas in particular, causes countries to fall under the sway of the “resource curse.” In such cases, governments allegedly display “resource nationalism,” which destabilizes the economy, society, and politics. In this book, David R. Mares dispels these beliefs and develops a powerful new account of the relationship between state resource ownership and energy policy. Mares examines variations in energy policy across a wide range of countries, underscoring the fact that in most of the world outside the United States, subsoil natural resources are owned by the state. He considers the history of Latin American oil and gas policies and provides an in-depth analysis of Venezuela from 1989 to 2016—before, during, and after the presidency of Hugo Chávez. Mares demonstrates that the key factors that influence energy policy are the inclusiveness of the political system, the level of competitiveness within policy making, and the characteristics of individual leaders. Domestic politics, not state ownership, determines the effectiveness and efficiency of energy policies: the “resource curse” is avoidable. Drawing on these findings, Mares reconceptualizes resource nationalism, arguing that government intervention into resource extraction is legitimate as long as the benefits are shared through the provision of public goods. Featuring a sophisticated grasp of both Latin American politics and energy policy, this book sheds new light on why some governments are responsible stewards of natural resources while others appropriate national wealth for partisan or private benefit.
Download or read book Tribal Development of Energy Resources and the Creation of Energy Jobs on Indian Lands written by United States. Congress. House. Committee on Natural Resources. Subcommittee on Indian and Alaska Native Affairs and published by . This book was released on 2011 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Taxation and Management of Natural Resources in Africa written by Mohammed Amidu and published by Springer Nature. This book was released on with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Energy Policy Reform and Revitalization Act of 2007 August 3 2007 110 1 House Report 110 296 Part 1 written by and published by . This book was released on 2007 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mining Law Reform Act of 1991 and the Minerals Policy Review Commission Act of 1991 written by United States. Congress. Senate. Committee on Energy and Natural Resources. Subcommittee on Mineral Resources Development and Production and published by . This book was released on 1991 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Petroleum Company Operations and Agreements in the Developing Countries written by Raymond F. Mikesell and published by Routledge. This book was released on 2016-02-12 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1984, this study focuses on petroleum agreements between non-OPEC LDCs with oil-importing LDCs and how issues such as high oil prices affect each country. The information presented in this study was drawn from interviews with petroleum officials in petroleum companies, petroleum ministries and unpublished documents such as contracts and focussing on case studies of countries such as Peru, Guatemala and Malaysia. This title will be of interest to students of environmental studies and economics.
Download or read book Departments of Commerce Justice and State the Judiciary and Related Agencies Appropriations for 2005 Justification of the budget estimates Department of Justice written by United States. Congress. House. Committee on Appropriations. Subcommittee on the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies and published by . This book was released on 2004 with total page 1942 pages. Available in PDF, EPUB and Kindle. Book excerpt:
