The STEAM Act would streamline the environmental review process for geothermal energy projects on federal lands by amending the Energy Policy Act of 2005. Specifically, the bill would expedite National Environmental Policy Act (NEPA) reviews for geothermal exploration and development activities in areas that have already been studied or previously developed, making it easier and faster to permit new geothermal projects. This legislation affects energy companies, landowners, and government agencies involved in geothermal development on federal property. The bill includes geothermal resources in existing streamlined review procedures that currently apply to oil and gas projects, potentially reducing permitting timelines and associated costs for developers. By reducing regulatory barriers, the bill aims to accelerate geothermal energy development as a renewable energy source.
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