US EditionBiden administration proposes to offer fewest-ever offshore drilling rights sales
- The Biden administration has released a plan to phase down oil and gas auctions in federal waters, with a maximum of three sales in the Gulf of Mexico through 2029. This plan is a significant reduction compared to previous proposals.
- The plan falls short of Biden's campaign promise to end new federal leasing completely, disappointing both supporters and opponents of offshore drilling. It also aims to support the growing offshore wind industry and protect coastal communities.
- While the plan is a step in the right direction for climate advocates, who wanted no new oil and gas lease sales, it is still expected to frustrate them. The Gulf of Mexico accounts for about 15% of U.S. Crude oil production.
53 Articles
53 Articles
Biden proposes limited offshore oil and gas leases to support wind energy
The Biden administration has announced a proposal for three offshore oil and gas lease sales over the next five years, all of which will be situated in the Gulf of Mexico. Notably, no lease sales are planned for the Pacific, Atlantic or Alaskan waters. The rationale behind the administration's decision to allocate water for oil and gas leasing — despite President Biden's campaign pledge to transition away from fossil fuels — lies in the crucial …
Biden calls for more oil and gas lease sales in the Gulf of Mexico, disappointing all sides
Biden is trying to navigate between energy companies that have pressed for greater oil and gas production and environmental activists who have urged Biden to shut down new offshore drilling in the fight against climate change.
Biden angers all sides with scaled back offshore oil drilling plan
By Nichola Groom and Jarrett Renshaw (Reuters) -The Biden administration's plan to slash offshore oil and gas leasing drew fire from both the fossil fuel industry and environmentalists on Friday, with energy companies saying it will raise fuel prices and greens saying it undermines efforts to stop global warming. The criticism from both sides reflects the difficulty Biden's White House has had in dealing with U.S. oil extraction policies, as it …
Biden calls for up to three oil and gas lease sales in the Gulf of Mexico, disappointing all sides
By MATTHEW DALY and MATTHEW BROWN The Associated Press WASHINGTON President Joe Biden’s administration on Friday proposed up to three oil and gas lease sales in the Gulf of Mexico but none in Alaska as it tries to navigate between energy companies seeking greater oil and gas production and environmental activists who want Biden to shut down new offshore drilling in the fight against climate change. The five-year plan includes proposed sales in …
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