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Market expectations for likely development openings have been mentioned clearly in this world class
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The suspension, part of a review of President Donald Trump’s environmental policies, went into effect after Acting Interior Secretary Scott de la Vega signed the order on Wednesday, Jan. 20.
The move is in line with Biden’s campaign pledge to stop new drilling on federal lands. Biden also said he’d end the leasing of publicly owned energy reserves as part of his plan to address so-called climate change.
The suspension also applies to new coal leases and permits and blocks the approval of mining plans.
But the order did not ban new drilling outright. It included an exception giving a handful of senior officials at the Department of the Interior (DOI) the authority to approve actions that would otherwise be suspended.
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