U.S. Sen. Lisa Murkowski, R-Alaska, today issued the following statement after the Department of the Interior released its final regulation for valuation and revenue collection from oil, gas and coal produced on federal lands.

“This administration’s attitude toward resource development is incoherent. On the one hand, we are told we must maximize value to the taxpayer, but on the other, we see decision after decision to keep valuable resources in the ground – whether on the North Slope of Alaska, the Arctic and Atlantic offshore, or a multi-year moratorium on coal leasing. This approach will not benefit taxpayers, but instead leave them with higher energy costs and fewer economic opportunities.”

Murkowski is the Chairman of the Senate Energy and Natural Resources Committee.