Washburn Announces Solicitation of Grants for Energy Development

AS-IA Release
6/20/14

 

Assistant Secretary – Indian Affairs Kevin K. Washburn announced June 10 that the Office of Indian Energy and Economic Development (IEED) is soliciting grant proposals from federally recognized tribes for projects that promote the assessment and development of energy and mineral resources on Indian trust lands. IEED has $11 million available in FY 2014 for grants, which is a historic level of investment that will support tribes seeking to put their energy and mineral assets to work for their communities.

“The IEED Energy and Mineral Development Program is another example of how Indian Affairs is working to assist tribes in realizing and maximizing the potential of their energy and mineral resources,” Assistant Secretary Washburn said. “This solicitation will provide tribal communities owning energy and mineral resources the opportunity and financial support to conduct projects that will evaluate, find and document their energy and mineral assets, and bring those assets to market.”

Energy and mineral development on Indian trust lands plays a critical role in creating jobs and generating income throughout Indian country while also contributing to the national economy. All natural resources produced on Indian trust lands had an estimated economic impact of $12.08 billion, with over 85 percent of this impact derived from energy and mineral development on tribal lands, according to the Department of the Interiors Economic Contributions report issued in July 2012. The report also noted that out of an estimated 126,000 natural resources-related jobs on tribal lands in Fiscal Year 2011, 88.7 percent were directly associated with energy and mineral development. Energy and mineral resources generated more than $970 million in royalty revenue paid to Indian mineral owners in 2013. Income from energy and minerals is by far the largest source of revenue generated from Indian trust lands.

IEED’s Division of Energy and Mineral Development, through its Energy and Mineral Development Program (EMDP), annually solicits proposals from federally recognized tribes for energy and mineral development projects that assess, locate and inventory energy and mineral resources, or perform feasibility or market studies which are used to promote the use and development of energy and mineral resources on Indian lands.

Energy and mineral resources may include either conventional such as oil, natural gas or coal, or renewable energy resources such as biomass, geothermal or hydroelectric. Mineral resources include industrial minerals such as sand and gravel; precious minerals such as gold, silver and platinum; base minerals including lead, copper and zinc; and ferrous metal minerals such as iron, tungsten and chromium.

Pages

You need to be logged in in order to post comments
Please use the log in option at the bottom of this page