For generations, the Blackfeet tribe has watched outsiders extract wealth from their ancestral lands. Now, a recent settlement brings a glimmer of justice, as XTO Energy Inc. (subsidiary of ExxonMobil) was forced to pay $16 million for underpaying royalties on natural gas late last year.
By improperly deducting costs associated with making gas marketable and transporting carbon dioxide, the company effectively shortchanged the United States government, Native American tribes, and various states of crucial revenue.
This practice not only violates the terms of their leases but also erodes the trust placed in corporations operating on public lands.
The impact of such actions extends far beyond mere financial implications…
For Native American communities, in particular, these royalties represent a vital source of income, often supporting essential services and economic development initiatives.
Very poggers.
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