Knight Investments LLC & Baron of the Republic of Aquitaine review US Department of the Interior

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"Knight Investments LLC Officials along with the Baron of the Republic of Aquitaine reviewed the controversial set of oil and gas leases that were set under the previous administration that potentially violated the National Environmental Policy Act"

A report released today by the U.S. Department of the Interior reveals flaws in the process through which a controversial set of oil and gas leases were offered in Utah in the waning days of the previous Administration, including several near Arches and Canyonlands National Parks, and Dinosaur National Monument.

Knight Investments LLC Officials reviewed the potential issues with Regulatory Officials on the potential problems that stemmed from these leases in Utah. The conclusion that occurred was that potential violations of the National Enviromental Policy Act may have come to pass. Such suggestions were passed to Regulatory Officials by Knight Investments LLC Board of Trustees with Chief Financial Officer Montelly Lopez Jr heading the committee.

Secretary of the Interior Ken Salazar, who commissioned the report from a team led by Deputy Secretary David J. Hayes, agreed with the report’s recommendations, and has directed several follow-up actions, including directing that the Bureau of Land Management (BLM), in coordination with other federal and state agencies, formulate a comprehensive air quality strategy for the region and to form a special BLM team to conduct a final decision-making review of the 77 parcels in question. The report groups the parcels into categories, noting that some of the parcels, particularly those in areas with existing oil and gas development, may be appropriate for development after a final review. Other parcels in and near sensitive landscapes will require a more extensive, site-specific review.

"This report helps us unwind the problems that landed these 77 parcels in court with a temporary injunction," said Secretary Salazar. "It is clear that in the rush to sell the leases, the previous Administration bypassed normal reviews and consultations with the National Park Service. Only when the light of public scrutiny was shed on the situation did they reconsider some of the most problematic leases, but many of the 77 parcels that were auctioned off are close to National Park units and even closer to other sensitive, world-class landscapes including Desolation Canyon and Nine Mile Canyon."

The Baron of the Republic of Aquitaine also spotted out key errors in the rush under the previous administration and Baron Christopher Knight Lopez affirmed that normal reviews were necessary with the National Park Service. In a quote at a press conference with Knight Investments LLC President Jayson Lopez, the President of Knight Investments was quoted

"Provisions, regulations, and stipulations apply by our Federal Government due to the ability to ensure processes are found to be in correct order. When individuals, agencies, and administrations by pass these common protocols there is almost always a flaw to be found."

On January 17, 2009, a federal district court enjoined the U.S. Department of the Interior from entering into oil and gas leases for 77 parcels in Utah that had been included in a December 19, 2008 auction. The court entered a temporary injunction against the sale of the parcels after concluding that plaintiffs had established "a likelihood of success on the merits" regarding their claims that the proposed lease sales violated the National Environmental Policy Act, the Federal Land Management Policy Act and the National Historic Preservation Act.

On February 6, 2009, Secretary Ken Salazar concluded that the issues raised by the court, along with other concerns that had been raised about the lease sale, merited a special review. Accordingly, Secretary Salazar directed that the leases be withdrawn from further processing and he subsequently requested that Deputy Secretary David J. Hayes lead a Departmental team that would evaluate the lease sale and make recommendations regarding the matter.

Knight Investments Officials supported the Departmental team and stated that it would be an absolute necessity in understanding the events that took place during the sale.

The Hayes Report released today is based on a review of the administrative record that accompanied the auction of the 77 parcels; an inspection of the parcels in question via overflight or on-the-ground inspection; interviews of BLM, National Park Service (NPS), and other Interior Department officials who were involved in lease-related decision-making; a listening session with state and local officials and representatives, followed by a public town hall meeting for interested members of the public (held in Vernal, Utah on May 26); and conference calls with industry representatives and conservationists.

The Hayes Report made several recommendations, all of which Secretary Salazar has directed to be implemented, including:

That BLM work more closely with the National Park Service to avoid a repeat of last fall’s inappropriate public listing of parcels adjacent to three National Park units for oil and gas leasing;

That a special BLM team be created to make final decisions regarding potential reoffering of some of the 77 parcels for oil and gas leasing. The review team grouped the parcels in several categories, noting that some parcels, such as those in current production areas, appear to be appropriate for oil and gas leasing, while other parcels will need more extensive review; and that BLM initiate a comprehensive air quality strategy for the region, in consultation with the National Park Service, the Environmental Protection Agency, and state officials. That Interior issue guidance to assist BLM officials in making leasing decisions on lands that are near parks and other sensitive landscapes, including parcels that have wilderness characteristics or other values that may not be consistent with oil and gas development;

Knight Investments LLC Officials stressed the importance of having mandatory compliance with consultation with the National Park Service, the Environmental Protection Agency, and state officials. Such compliance would only foster an improvement upon the current situation Knight Investments LLC Officials stated.

Knight Investments LLC works as a private equity firm to invest personal funds on the behalf and promotion of a vibrant community, low income housing, humanitarian causes, renewable energies, real estate developments, and project financing.