Jan 7, 2021
JUNEAU, Alaska (AP) The U.S. government held its first-ever oil and gas lease sale Wednesday for Alaska’s Arctic National Wildlife Refuge, an event critics labeled as a bust with major oil companies staying on the sidelines and a state corporation emerging as the main bidder.
The sale, held as scheduled after a judge Tuesday rejected requests by Indigenous and conservation groups to halt the event, garnered bids on half the 22 tracts that were listed as available in the refuge’s coastal plain. The U.S. Bureau of Land Management, which held the sale, said the bids were under review.
Land management bureau approves 2 Colorado drilling projects lmtonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lmtonline.com Daily Mail and Mail on Sunday newspapers.
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The Trump administration has held an auction for rights to drill for oil in Alaska’s Arctic National Wildlife Refuge (ANWR) and has received lower than expected interest from bidders.
The sale generated around $14.4 million (£10.6m) in bids, which is lower than the Congressional Budget Office’s estimate of $1.8 billion (£1.3bn).
The Alaska Industrial Development and Export Authority, a state agency, emerged as the sole high bidder of the oil and gas lease sale.
Several environmental organisations had opposed oil and gas drilling on the Arctic Refuge as it would threaten wildlife and worsen the effects of climate change.
Land management bureau approves two Colorado drilling projects
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GRAND JUNCTION – The U.S. Bureau of Land Management has approved for a second time two drilling projects in Colorado after considering a court-ordered greenhouse gas assessment of the development’s environmental impacts.
The two upper North Fork Valley drilling projects will total up to 226 wells and result in up to 17.26 million tons of carbon dioxide emissions over a 30-year period,
The Daily Sentinel reported Wednesday.
U S holds first oil lease sale for Alaska s Arctic Wildlife Refuge inquirer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.com Daily Mail and Mail on Sunday newspapers.