The Biden administration released a proposed plan for where the federal government intends to hold offshore oil and gas lease sales in federal waters for the next five years.
The Biden administration released a proposed plan on Friday for where the federal government intends to hold offshore oil and gas lease sales in federal waters for the next five years. The plan would mainly limit drilling to the Gulf of Mexico, with one proposed lease sale in waters off Alaska.
The Interior Department's five-year offshore leasing plan is required by law. But it comes at a time when the Biden administration is caught between conflicting goals: its own commitments to slash planet-warming emissions from fossil fuels, and intense political pressure over high gas prices.
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