The cancellation will affect Alaska’s state-owned oil development agency, the Alaska Industrial Development and Export Authority, which bought the leases covering about 365,000 acres on ANWR’s Coas…
The cancellation will affect Alaska’s state-owned oil development agency, the Alaska Industrial Development and Export Authority, which bought the leases covering about 365,000 acres on ANWR’s Coastal Plain during the Trump administration.
Wednesday’s actions, Biden said, “will help preserve our Arctic lands and wildlife, while honoring the culture, history, and enduring wisdom of Alaska Natives who have lived on these lands since time immemorial.” “We intend to comply with the law,” a senior Biden administration official said, adding they didn’t have a timeline for an additional lease sale apart from the law’s deadline of holding one by December 2024.
The Interior Department is also proposing federal protections for 13 million acres of land in the NPR-A, limiting future oil and gas development and taking steps to implement conservation protections it announced in March, alongside the controversial Willow oil drilling project. The proposed rule would expressly prohibit new oil and gas leasing in 10.6 million acres, or over 40% of the NPR-A, according to an Interior Department press release.
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