U.S. President Joe Biden will ban new offshore oil and gas development along most U.S. coastlines, a decision that President-elect Donald Trump, who has vowed to boost domestic energy production, may find difficult to reverse.
The White House said on Monday Biden will use his authority under the 70-year-old Outer Continental Shelf Lands Act to protect all federal waters off the East and West coasts, the eastern Gulf of Mexico and portions of the northern Bering Sea in Alaska. The ban will affect 625 million acres (253 million hectares) of ocean.
Biden said the move was aligned with both his climate change agenda and his goal . . .
No surprise here. Obama still has two weeks to add more hangers to the barrel.
The White House said on Monday Biden will use his authority under the 70-year-old Outer Continental Shelf Lands Act to protect all federal waters off the East and West coasts, the eastern Gulf of Mexico and portions of the northern Bering Sea in Alaska. The ban will affect 625 million acres (253 million hectares) of ocean.
Biden said the move was aligned with both his climate change agenda and his goal . . .
No surprise here. Obama still has two weeks to add more hangers to the barrel.
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