Trump Offered Up The Arctic, But Oil Firms Didn't Want It
Trump Offered Up The Arctic, But Oil Firms Didn't Want It Submitted by on 18 January 2021 What’s happening? The Trump administration’s auction of drilling rights in 1.6 million acres of the Arctic National Wildlife Refuge on 6 January raised just $14.4m dollars, or $27 per acre, with only half of the available acres receiving bids. A 2017 bill had projected the government would earn a billion dollars from the auction, alongside a second sale. Only three companies submitted bids, nearly all of which were won by the Alaska Industrial Development and Export Authority (...
Source: alpha-week.com