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U.S. moves to allow oil and gas drilling across 13 million acres in Alaska

  • The Trump administration plans to open over 13 million acres in Alaska for oil and gas drilling by rolling back a Biden-era rule, according to Secretary of the Interior Doug Burgum.
  • The reversal aims to restore energy independence and economic growth while removing barriers to responsible development, as stated by the Department of the Interior.
  • Burgum emphasized that these changes aim to enhance energy independence and economic growth while ensuring responsible resource management.
  • The move is expected to significantly benefit the U.S. Economy and energy markets, allowing access to billions of barrels of oil and trillions of cubic feet of gas.
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Bloomberg broke the news in United States on Friday, April 19, 2024.
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