The Biden administration on Friday unveiled the most restrictive offshore oil and gas five-year leasing program in history.
The Department of the Interior announced the plan, which allows for three offshore oil and gas lease sales through 2029, with sales in 2025, 2027 and 2029.
The decision is in line with the Biden administration's sweeping climate agenda, which aims to reach net-zero carbon dioxide emissions in the U.S. energy sector by 2035 and for the entire U.S. economy by 2050.
97%. 3%. The plan is deliberately designed to "Phase down" offshore oil and gas in the Gulf of Mexico, according to the DOI. Offshore oil production in federally controlled Gulf waters accounted for about 15% of total U.S. crude oil output in 2021, according to the U.S. Energy Information Administration.
The plan is also likely to draw the ire of numerous environmentalist groups that wanted the administration not to issue any offshore oil and gas leases at all, according to Bloomberg News.
"At a time when inflation runs rampant across the country, the Biden administration is choosing failed energy policies that are adding to the pain Americans are feeling at the pump," American Petroleum Institute President and CEO Mike Sommers said of the schedule.
"This restrictive offshore leasing program is the latest tactic in a coordinated strategy to reduce energy production, ultimately weakening America's energy dominance, limiting consumers access to affordable reliable energy and compromising our ability to lead on the global stage."
No comments:
Post a Comment