• Iowa Renewable Fuels Association

Sen. Grassley introduces bill to crack Big Oil’s subsidy advantage

Sen. Chuck Grassley, R-Iowa, introduced the Fair Returns for Public Lands Act with Sen. Jacky Rosen, D-Nevada. The bill, introduced March 10, would modernize the royalty rates petroleum companies pay when drilling on public lands, which haven’t been updated for more than 100 years.

“Big Oil loves to claim there would be a so-called level playing field if not for the RFS,” said Monte Shaw, executive director of the Iowa Renewable Fuels Association. “Meanwhile, for over 100 years petroleum companies have been paying pennies on the dollar for resources extracted from public lands. The truth is the playing field can never be level when oil companies have secret advantages. This is just one of many hidden Big Oil tax subsidies and we thank Sen. Grassley for shining a light on it.”

Frazier, Barnes & Associates LLC
Global Talent Solutions
GZX by GZ Energy LLC
Render magazine
Springboard Biodiesel
PQ Corporation
Sealless canned motor pump technology
Advertise today on biobased-diesel.com
Inflectis Digital Marketing for UCO Collectors and Renderers
WWS Trading
Evonik biodiesel catalysts, biobased diesel
Advanced Biofuels, Biobased Diesel
Biobased Diesel Daily - biobased-diesel.com

Subscribe to Our Free

E-Newsletter Sent Every Tuesday:


Biobased Diesel Weekly


And Our Free Print Journal* 

Coming in 2021:

Biobased Diesel Biannual 


*Print journal available only in the U.S. until further notice. 

  • Facebook
  • LinkedIn

© 2021 RonKo Media Productions LLC. All rights reserved.