Biden Reportedly Prepared to Issue Moratorium on Fossil Fuel Leases for Federal Lands

President Joe Biden is reportedly set to temporarily halt new federal oil and gas leasing, people familiar with his plans told The Washington Post.

The move would pause pending fossil fuel auctions on federal land and water, but will not affect existing leases in the Gulf Coast and the western part of the country, according to the Post. While the moratorium will help Biden deliver on one of his signature campaign promises, it will likely be met with sharp resistance from fossil fuel industries and lawmakers who have voiced concern that Biden’s climate policies will cost thousands of jobs.

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