Energy & Environment
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Energy & Environment
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ANWR auction gets limited interest |
The Trump administration on Friday auctioned off rights to drill in a pristine wildlife refuge in Alaska, but the lease sale attracted only two bidders on a few tracts of land.
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© U.S. Fish and Wildlife Service, Getty Images
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Of the about 60 tracts of land opened up for leasing by the Trump administration, only five received bids. Only Hex Energy and the state-owned Alaska Industrial Development and Export Authority bid on tracts.
Overall, the lease sale netted about $3.7 million, half of which will go to the state of Alaska.
Friday’s auction advances Republicans’ long-awaited and long-delayed goal of drilling in the Arctic National Wildlife Refuge (ANWR), despite pushback from environmental advocates. However, the small number of bids and bidders also demonstrates limited corporate interest in drilling in the controversial spot.
The Arctic refuge is in Alaska’s northeast corner and is on the traditional homelands of the Iñupiat and Gwichʼin peoples.
It’s about the size of South Carolina and contains wildlife including black, brown and polar bears, caribou, wolves, wolverines and more than 200 species of birds.
Whether or not to drill there has been the subject of significant partisan debate. Supporters of drilling say it could help the local economy and add to the nation’s supply of oil. Opponents argue that drilling in such an ecologically sensitive area is not necessary and say the lands should be conserved.
Read more at TheHill.com.
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How policy will affect the energy and environment sectors now and in the future:
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President Trump dismissed criticism of the recent Lincoln Memorial Reflecting Pool renovations on Friday, rejecting claims the project amounted to merely a “paint job.”
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Illinois Gov. JB Pritzker (D) said Friday he is pausing the state’s data center tax incentives starting in July amid a push to address concerns about electricity costs and water resources that have plagued the AI infrastructure build-out nationwide.
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News we’ve flagged from other outlets touching on energy issues, the environment and other topics:
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Upcoming news themes and events we're watching:
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Tuesday
- The House Energy and Commerce Committee will hold a hearing on bills that aim to speed up nuclear reactor licensing
Wednesday
- Energy Secretary Chris Wright is slated to appear before the House Science, Space and Technology committee to discuss the Energy Department's budget
- The Senate Environment and Public Works committee will hold a hearing on the Fish and Wildlife Service budget, director Brian Nesvik is slated to appear
- The Senate Energy and Natural Resources Committee will hold an oversight hearing on the Colorado River Basin
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Two key stories on The Hill right now:
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President Donald Trump on Thursday announced several performers scheduled to take part in a kickoff rally for the Great American State Fair, slated for June 24 in Washington, D.C. Read more
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Former Health and Human Services (HHS) Secretary Xavier Becerra (D) on Thursday advanced to November’s general election in the race to become California’s next governor, according to Decision Desk HQ. Read more
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