One company bids in controversial Cook Inlet lease sale
Industry watchers say the lukewarm response to the hotly contested sale points to a long-term trend of low interest in the inlet's federal waters.
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Industry watchers say the lukewarm response to the hotly contested sale points to a long-term trend of low interest in the inlet's federal waters.
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National and community-based environmental groups filed a legal challenge today to stop the Department of Interior’s lease sale in Cook Inlet, Alaska. Lease Sale 258, scheduled for Dec. 30, would auction off nearly a million acres of federal waters in Southcentral Alaska, opening the door to decades of future oil-and-gas drilling.
The lease sale was canceled in May, but Congress revived it. Environmentalists argue that the sale was structured on flawed impact analysis.
Center for Biological Diversity: Groups Cite Interior’s Failure to Meaningfully Consider Climate Impacts of Auctioning Close to 1 Million Acres