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Transcript: GOVERNMENT REPORT BACKS BOXER'S DEMAND THAT OIL COMPANIES PAY FAIR SHARE OF OIL ROYALTIES TO TAXPAYERS
- Article from:
- Capitol Hill Press Releases
- Article date:
- August 20, 1998
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FOR IMMEDIATE RELEASE August 20, 1998 Contact: David Sandreti
GOVERNMENT REPORT BACKS BOXER'S DEMAND THAT OIL COMPANIES PAY FAIR
SHARE
OF OIL ROYALTIES TO TAXPAYERS
WASHINGTON, D.C. -- U.S. Senator Barbara Boxer (D-CA) announced today
that
a report she requested from the General Accounting Office (GAO) supports
her claim that oil companies are shortchanging taxpayers $66 million
per
year in oil royalties.
Oil companies drilling on public must pay royalties to the federal
government,
a portion of which is sent to the states. California law requires
that
all royalty payments be credited directly to the State Schools Fund.
The GAO found that oil companies currently ...