Trump halts Obama energy rule amid litigation

Published February 24, 2017 8:21pm ET



The Trump administration took steps to rein in the Interior Department this week by canceling a new rule that has raised the cost for crude oil, natural gas and coal companies operating on federal lands.

The Interior Department took the unusual step late Thursday of halting its new royalty valuation rule for energy commodities, after a coalition of industry groups sued the agency over the regulation, which was enacted in the waning days of the Obama administration.

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