Tag: oil and gas lease

Biden May Not Hold Any Offshore Oil and Gas Leases Until the End of His Term, Industry Group Says

Admin

The American Petroleum Institute (API), a leading industry group, said the next offshore oil and gas lease sale likely wouldn’t come until early 2024 following the latest Biden administration update.

The Department of the Interior (DOI) announced Thursday that it would issue an updated proposed program plan for offshore lease sales by June 30. The API, though, said the announcement confirms the administration is “significantly behind” in the multi-year process required for approving a new five-year offshore plan, likely delaying lease sales until early 2024.

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Bill Lee Among the 17 Republican Governors Calling on President Biden to Rescind Executive Order Halting New Oil and Gas Leases on Federal Land

The Center Square

A group of Republican governors sent a letter to President Joe Biden on Monday asking him to rescind an executive order that halts new leases for oil and gas development on federal land, arguing that it will have a negative impact on their economies and will cost consumers. 

Biden signed the lease moratorium Jan. 27 as part of a broader series of executive actions seeking to curb climate change. The executive order, which applies to offshore leases, does not apply to existing leases for development on federal lands or leases on tribal land.

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