The event, January 6, marks a major moment in a 40-year fight over whether to
develop
the northernmost slice of the refuge s coastal plain, home to migrating caribou, birds and polar bears.
Biden, as well as his pick for Interior Secretary Rep. Deb Haaland oppose drilling in the refuge. The hand-off of drilling rights to the highest bidders could make it more difficult to reverse course.
But despite the high stakes, uncertainty looms over how much oil is actually trapped under the million acres of tundra up for leasing, and how much industry interest there is to go find it. We don t know very much about this area
A polar bear with cubs in Alaska s Arctic National Wildlife Refuge in 2014.
Just two weeks before President-elect Joe Biden takes office, the Trump administration is trying to lock-in oil and gas drilling in Alaska s Arctic National Wildlife Refuge with a hastily scheduled and controversial lease sale.
The event, January 6, marks a major moment in a 40-year fight over whether to
develop
the northernmost slice of the refuge s coastal plain, home to migrating caribou, birds and polar bears.
Biden, as well as his pick for Interior Secretary Rep. Deb Haaland oppose drilling in the refuge. The hand-off of drilling rights to the highest bidders could make it more difficult to reverse course.
4:59
Canadian developers behind a proposed massive metals mine 20 miles from the border seek another permit extension from B.C. regulators. If it’s built, the Kerr-Sulphurets-Mitchell mine would be larger than the proposed Pebble Mine in Bristol Bay.
Seabridge Gold had hoped to be mining copper, gold and other metals by now. The KSM mine received approvals in 2014 on the condition that it break ground within five years.
Two years ago it received an extension giving it until 2024 to start work. Now, citing the COVID-19 pandemic, it’s asked for another two years after that.
But mine critics in Canada say it’s the mining company’s failure to attract a partner, not the virus, that’s stalled development.
How much oil actually is under ANWR s coastal plain? | Alaska Energy Desk newsminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsminer.com Daily Mail and Mail on Sunday newspapers.
Gold Miners Look to A Fruitful Year After a Tumultuous 2020
FinancialBuzz.com News Commentary
Share this article
Share this article
NEW YORK, Dec. 29, 2020 /PRNewswire/ Gold prices increased about 1% on Monday after the new USD 2.3 Trillion bill that contains USD 900 Billion in pandemic relief aid and USD 1.4 Trillion in government spending to fund federal agencies was signed by the President. The bill removes immediate uncertainty with distribution of checks and loans to individuals and small businesses, as well as funds to assist the vaccine rollout. The demand for gold is a reaction to the additional economic stimuluses for business and individuals. Such measures also impact the price of precious metals. According to a report by FX Empire, on Monday, gold tested the upper level of its main retracement zone at USD 1870.30 to USD 1894.60. Clarity Gold Corp. (CSE: CLAR), NovaGold Resources Inc. (NYSE: NG), Yamana Gold Inc. (NYSE: AUY) (TSX: YRI), Alamos Gold Inc. (NYSE: AGI),