Interior Department announced plans last week to revoke seven leases held by the Alaska Industrial Development and Export Authority. The leases span 365,000 acres in the coastal plain of the Arctic National Wildlife Refuge, also known as ANWR. The state corporation has vowed to pursue legal action against the federal government for the cancellation of the leases.
An Alaska corporation is already teeing up a legal battle over the Biden administration’s decision to cancel contested oil and gas leases in a massive wildlife refuge.