 Energy & Environment |
Energy & Environment |
|
|
Biden officials offer fewest-ever offshore oil, gas leases |
The administration plans to give the oil and gas industry up to three chances to bid on offshore drilling rights over the next five years, the fewest offshore leases in the program's history. |
The Interior Department still needs to finalize the plan in order to move ahead with offshore drilling. The proposed plan limits offshore oil and gas leases issued between 2024 and 2029 to the Gulf of Mexico. The proposal announced Friday can be finalized after 60 days. The context: - Thanks to the Inflation Reduction Act (IRA), the plan impacts not only offshore oil and gas but also offshore wind.
- The IRA requires offshore oil and gas leases sales to be held to also hold offshore wind lease sales.
- That provision was widely seen as being included to win the support of Sen. Joe Manchin (D-W.Va.).
How it compares: - The proposal offers up significantly fewer leases than plans issued by previous Democratic administrations.
- While Biden's is limited to up to three, the Clinton and Obama administrations published plans that included 16 lease sales each.
Interior Secretary Deb Haaland described the department's proposal as one that furthers the offshore wind industry. "The Proposed Program, which represents the smallest number of oil and gas lease sales in history, sets a course for the Department to support the growing offshore wind industry and protect against the potential for environmental damage and adverse impacts to coastal communities," she said in a statement. Manchin, meanwhile accused the administration of putting "their radical political agenda over American energy security." "To be clear — three lease sales is more than the zero we would have gotten had it not been for the IRA," he said in a written statement. "But it makes no sense at all to actively be limiting our energy production while our adversaries are weaponizing energy around the world." Read more in a full report at TheHill.com. |
Welcome to The Hill's Energy & Environment newsletter, we're Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. |
|
|
How policy will affect the energy and environment sectors now and in the future: |
|
|
The Energy Department issued its final efficiency rules for residential furnaces on Friday, which it projects will save Americans over $1.5 billion in heating expenses per year. |
| |
| If Congress cannot reach an agreement to fund the government, most national parks will close, the Biden administration said Friday. |
| |
|
Saltwater is making its way up the Mississippi River in Louisiana and threatening drinking water supplies in the state — and it could soon reach New Orleans. Here's what you should know about the situation |
| |
|
Branch out with a different read on The Hill: |
|
|
New York Gov. Kathy Hochul (D) declared a state of emergency across parts of New York due to extreme rainfall and flooding risks Friday morning. |
|
|
Upcoming news themes and events we're watching next week: |
|
|
News we've flagged from other outlets touching on energy issues, the environment and other topics: |
|
|
Two key stories on The Hill right now: |
|
|
UPDATE: House GOP tanks its own funding bill, edging closer to shutdown House Republicans advanced a GOP-crafted stopgap bill Friday to avoid a government shutdown, clearing a key procedural hurdle even as some hard-line Republicans oppose the legislation. Read more |
| A co-defendant in the sweeping Georgia election interference case involving former President Trump has become the first to plead guilty in the case. Read more |
|
|
Op-eds related to energy & environment submitted to The Hill: |
|
|
You're all caught up. See you next week! |
1625 K Street NW, 9th Floor, Washington, DC 20006 |
Copyright © 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. |
|
|
|
If you believe this has been sent to you in error, please safely unsubscribe.
No comments:
Post a Comment