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Congress should direct the Department of Interior to raise fees on oil and gas drilling on public lands in exchange for opening some new lands for drilling in the Outer Continental Shelf.

Redirecting revenues from drilling to invest in the future of clean energy offers a bipartisan solution to expanding the nation's energy supply while also creating a long-term solution to global warming. These policy changes could create up to $1 billion in new revenue, which would be directed to an Energy Innovation Trust Fund to support the Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E).