Sunday, 27 Jul 2025
America Age
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Font ResizerAa
America AgeAmerica Age
Search
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 America Age. All Rights Reserved.
America Age > Blog > World > Biden Issues Offshore Drilling Rights Under Climate Mandate
World

Biden Issues Offshore Drilling Rights Under Climate Mandate

Enspirers | Editorial Board
Share
Biden Issues Offshore Drilling Rights Under Climate Mandate
SHARE

(Bloomberg) — The Biden administration on Wednesday issued oil and natural gas leases to companies that nabbed the Gulf of Mexico drilling rights in a government auction later invalidated by a federal court.

Most Read from Bloomberg

The Interior Department’s Bureau of Ocean Energy Management said it had accepted 307 winning bids from that November 2021 sale, dispelling lingering uncertainty about how the agency would comply with a mandate in the sweeping new climate law that required the lease awards.

The move comes at a pivotal time for the White House, as President Joe Biden seeks to intensify the fight against climate change while also combating record inflation fed by high energy costs. Top Biden administration officials have exhorted oil companies to produce more crude and refine more gasoline in a bid to lower fuel costs.

The bureau stressed that it was complying with the law but simultaneously seeking to minimize environmental impacts of any drilling and oil production from the newly awarded leases.

“Leases resulting from this sale include stipulations to protect biologically sensitive resources, mitigate potential adverse effects on protected species and avoid potential ocean user conflicts,” the bureau said in an emailed statement.

Oil companies spent some $190 million buying leases in the Gulf sale last November. But just three months later, a Washington-based federal district judge tossed out the auction, after finding the Interior Department hadn’t sufficiently analyzed the climate change impacts of the sale.

Under a provision tucked into the just-enacted Inflation Reduction Act, the Interior Department was required to award those leases. Future oil lease sales are also required for the agency to issue rights of way and leases to renewable projects on federal lands and waters.

The Inflation Reduction Act will “enable the Interior Department to continue playing a leading role in the transition to a clean energy economy,” the ocean energy bureau said. “We are committed to implementing the law, including direction regarding the federal oil and gas programs.”

(Updates with comment from Interior Department from fourth paragraph)

Most Read from Bloomberg Businessweek

©2022 Bloomberg L.P.

Share This Article
Twitter Email Copy Link Print
Previous Article Jesse Powell, R&B Singer and Grammy Nominee, Dead at 51: ‘The Best Big Brother Ever,’ Says Sister Jesse Powell, R&B Singer and Grammy Nominee, Dead at 51: ‘The Best Big Brother Ever,’ Says Sister
Next Article Russia spent millions secretly interfering in foreign politics, U.S. says Russia spent millions secretly interfering in foreign politics, U.S. says

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
TwitterFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

Popular Posts

Guess Who This Lil’ Winner Turned Into!

Guess Who This Lil' Winner Turned Into! Printed June 11, 2025 12:01 AM PDT Earlier…

By Enspirers | Editorial Board

Dan Orlovsky Believes 1 Transfer Will Assist Commanders Win The NFC East

(Picture by Luke Hales/Getty Pictures)   The Washington Commanders headed into the 2024 NFL common…

By Enspirers | Editorial Board

PUBLIC SERVICES INTERNATIONAL LAUNCHES INTERACTIVE DOCUMENTARY EXPERIENCE ON GLOBAL HEALTH WORKERS

FERNEY-VOLTAIRE, France, June 23, 2022 /PRNewswire/ -- On June 23rd, the United Nations recognized Public…

By Enspirers | Editorial Board

See Pete Davidson Test Out R-Rated Taglines As New Face (and Other Parts) of Manscaped

pete-davidson-manscaped - Credit: Willie PetersenPete Davidson is no stranger to being the face of a…

By Enspirers | Editorial Board

You Might Also Like

Pictures of youngsters ravenous in Gaza have shaken some world leaders out of inertia – however what’s going to Labor do?
World

Pictures of youngsters ravenous in Gaza have shaken some world leaders out of inertia – however what’s going to Labor do?

By Enspirers | Editorial Board
Israel pronounces day by day army pauses as fury mounts over hunger in Gaza
World

Israel pronounces day by day army pauses as fury mounts over hunger in Gaza

By Enspirers | Editorial Board
‘That idiot Putin wants to take it all’: Russia’s kamikaze ways gas a gradual advance in Ukraine
World

‘That idiot Putin wants to take it all’: Russia’s kamikaze ways gas a gradual advance in Ukraine

By Enspirers | Editorial Board
Two Australians on board boat intercepted by Israel whereas attempting to move assist to Gaza, Dfat confirms
World

Two Australians on board boat intercepted by Israel whereas attempting to move assist to Gaza, Dfat confirms

By Enspirers | Editorial Board
America Age
Facebook Twitter Youtube

About US


America Age: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company
  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement
Contact Us
  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability
Terms of Use
  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© 2024 America Age. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?