No lease sale would take place in 2024, making it the first year in the modern program's four decades that companies will be unable to bid for parcels in the Gulf of Mexico or the waters off Alaska.
No lease sale would take place in 2024, making it the first year in the modern program’s four decades that companies will be unable to bid for parcels in the Gulf of Mexico or the waters off Alaska.
“This restrictive offshore leasing program is the latest tactic in a coordinated strategy to reduce energy production, ultimately weakening America’s energy dominance, limiting consumers’ access to affordable reliable energy and compromising our ability to lead on the global stage,” Mike Sommers, head of the oil company trade association American Petroleum Institute, said in a statement.
“The proposed program, which represents the smallest number of oil and gas lease sales in history, sets a course for the department to support the growing offshore wind industry and protect against the potential for environmental damage and adverse impacts to coastal communities,” Haaland said in a statement.
Green groups are angry at Biden over his administration’s approval of the Willow oil project in Alaska in March and have urged the administration to stop any new leasing. Combating climate change and other environmental damage depends on halting the production of fossil fuel and the carbon emissions it produces, they argue.
Interest in drilling in the Arctic waters off Alaska has waned considerably over the years. In contrast, the Gulf of Mexico produces about one out of every seven barrels of U.S. oil, in some months lagging only Texas as the country’s top oil producer.
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