Posted by on May 12, 2022 8:57 am
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Interior cancels oil and gas lease sales in Alaska and Gulf of Mexico

The rising sun illuminates the peak of Mount Redoubt volcano, across nearby Cook Inlet, in Kenai, Alaska, in 2010. The Biden admininstration said Wednesday it halted three planned offshore oil and gas lease sales in Alaska’s Cook Inlet and the Gulf of Mexico. <br/><br/><br/> Al Grillo/AP

Interior cancels oil and gas lease sales in Alaska and Gulf of Mexico

Breanne Deppisch May 12, 08:56 AMMay 12, 08:56 AM Video Embed

The Interior Department said it will not move forward with three planned oil and gas lease sales in the Gulf of Mexico and Alaska’s Cook Inlet, meaning the administration will not hold a lease sale on coastal waters this year.

The announcement late Wednesday night —which comes as President Biden faces record-high gas costs—will halt hopes of offshore drilling on millions of acres of federal land. Alaska’s Cook Inlet was home to more than 1 million acres of federal land alone.

The Interior Department confirmed the news in an email to the Washington Examiner late Wednesday. “Due to lack of industry interest in leasing in the area, the Department will not move forward with the proposed Cook Inlet OCS oil and gas lease sale 258,” or the Cook Inlet project, DOI said.

Their decision not to move ahead with two leases in the Gulf of Mexico region, meanwhile, was due to “conflicting court rulings” that delayed work on the proposed lease sales, a spokesman for DOI told the Examiner.

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Originally appeared at Washington Examiner

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