The livestreamed sale will invite energy companies to bid on drilling leases across some 136,000 square miles (352,000 square kilometers) — about twice the area of Florida.
rejected a suspension of fossil fuel sales that Biden imposed when he first took office.
Environmental reviews of the Gulf of Mexico sale conducted under former President Donald Trump and affirmed under Biden reached an unlikely conclusion: Extracting and burning the fuel would result in fewer greenhouse gases than leaving it in the ground. The Interior Department’s Bureau of Ocean Energy Management in recent months changed its emissions modeling methods, citing Erickson’s work. But officials said it was too late to use the new approach for Wednesday’s lease sale, which they said had been through "a rigorous process with specific timelines."
Erik Milito, president of the National Ocean Industries Association said he was uncertain that using the new approach would have changed the government’s conclusions, since drilling for oil in other parts of the world is less efficient and hauling imports also adds to carbon costs. He described the Gulf as the “backbone of U.S. oil production” and said companies consider it a strong investment.
Some Democrats also objected to the sale. The chairman of the House Natural Resources Committee, Arizona Rep. Raúl Grijalva, said Biden promised to lead on climate issues but continues running a fossil fuel program with a long history of mismanagement.Since the Interior Department began holding Gulf-wide lease sales in 2017, an average of 1,075 square miles have been sold at each sale, generating almost $1 billion in revenue over that period.
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