Biden Administration Proposes Gulf of Mexico Oil and Gas Lease Sales Amid Climate Balancing Act

FuelNuts & Bolts
Written By Jennifer Joslyn

The Biden administration has proposed up to three oil and gas lease sales in the Gulf of Mexico but none in Alaska, aiming to strike a balance between energy production and climate concerns. The plan includes sales in the Gulf in 2025, 2027, and 2029, in accordance with a climate law that mandates a minimum number of offshore oil and gas lease offerings before offshore wind leases can be made available. While environmentalists argue that leasing will exacerbate climate change and spill risks, the oil industry advocates for more leasing to address energy needs.

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Jennifer Joslyn
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