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AP sources: Biden to pause oil and gas sales on public lands - Medicine Hat NewsMedicine Hat News
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President Biden to halt new oil and gas leasing on US lands
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Joe Biden to pause oil and gas sales on public lands: AP sources
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President Joe Biden is set to announce a wide-ranging moratorium on new oil and gas leasing on U.S. lands, as his administration moves quickly to reverse Trump administration policies on energy and the environment and address climate change. Two people with knowledge of Biden s plans outlined the proposed moratorium, which will be announced Wednesday. They asked not to be identified because the plan has not been made been public; some details remain in flux. The move follows a 60-day suspension of new drilling permits for U.S. lands and waters announced last week and follows Biden s campaign pledge to halt new drilling on federal lands and end the leasing of publicly owned energy reserves as part of his plan to address climate change. The moratorium is intended to allow time for officials to review the impact of oil and gas drilling on the environment and climate.
Environmental groups hailed the expected moratorium as the kind of bold, urgent action needed to slow climate change.
“The fossil fuel industry has inflicted tremendous damage on the planet. The administration’s review, if done correctly, will show that filthy fracking and drilling must end for good, everywhere,” said Kieran Suckling, executive director at the Centre for Biological Diversity.
Oil industry groups condemned the move, saying Mr Biden had already eliminated thousands of oil and gas jobs by killing the Keystone XL oil pipeline in his first day in office.
“This is just the start. It will get worse,” said Brook Simmons, president of the Petroleum Alliance of Oklahoma. “Meanwhile, the laws of physics, chemistry and supply and demand remain in effect. Oil and natural gas prices are going up, and so will home heating bills, consumer prices and fuel costs.”