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Wednesday, January 19, 2022

Biden launches oil, gas leasing reform, eases sanctions

WASHINGTON – The Biden administration on Friday recommended a radical overhaul of the country’s oil and gas leasing program to focus on areas best suited for energy development and the energy to drill on public land and water. Increase costs for companies.

The long-awaited report by the Interior Department falls short of recommending ending oil and gas leases on public lands, as urged by several environmental groups. But officials said the report would move toward a more responsible leasing process that provides a better return to US taxpayers for oil and gas drilling on the country’s vast public lands and waters.

“Our country is facing a profound climate crisis that is affecting every American,” Interior Secretary Deb Haaland said in a statement, adding that the new report’s recommendations will provide reasonable returns to taxpayers and mitigate worsening climate impacts. Persevering in the pursuit of “Environmental Justice”.

The report complements a review ordered in January by President Joe Biden, who directed a pause in federal oil and gas lease sales in his first days in office, citing concerns about climate change.

The moratorium drew sharp criticism from Congressional Republicans and the oil industry, even as many environmentalists and Democrats said Biden should make the lease permanent.

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