What do you mean by production? I assume you mean extraction, not production. These companies cannot synthesize fossil fuels at scale. In which case, the no-ex

What do you mean by production? I assume you mean extraction, not production. These companies cannot synthesize fossil fuels at scale. In which case, the no-extract bid has the added benefit of not taking the resource out of the public's hands. The royalty is a pittance compared to the true value of the publicly owned resource.