Stay updated with breaking news from Sami Yahya. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The sale comes two days before a deadline set in last year's climate bill that Biden signed into law prohibiting leasing public lands for renewable power unless tens of millions of acres are first offered for fossil fuels.
Oil companies have offered a combined $264 million in a drilling rights auction, which was mandated under a compromise reached last year over a federal climate bill.
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/adn/RJZHHZIHXUHDH6JBLCWL4YVZYQ.jpg)
Wednesday’s auction could further test the loyalty of environmentalists and young Biden voters frustrated by the approval of the huge Willow drilling project in Alaska.
Breaking News, Sports, Manitoba, Canada
The Biden administration will auction oil and gas leases across more than 114,000 square miles (295,000 square kilometers) in the Gulf of Mexico on Wednesday in a sale mandated by last year's climate bill compromise.