“Joe Biden decided to indefinitely ban oil and gas production in more than 625 million acres of US coastal waters, because drilling in these areas is an “unreasonable risk” and “not necessary” to meet the country’s energy needs.”, — write: epravda.com.ua
Joe Biden decided to indefinitely ban oil and gas production in more than 625 million acres of US coastal waters, because drilling in these areas is an “unreasonable risk” and “not necessary” to meet the country’s energy needs. This is reported by the Bloomberg agency. This step is enshrined in two presidential memoranda that will be released on Monday, the agency writes. Biden is looking to leave a legacy of conservation and climate change two weeks before President-elect Donald Trump’s inauguration.Advertisement: But unlike other measures aimed at curbing fossil fuel use, this decision will be more difficult to reverse. Biden is relying on a provision in a 72-year-old federal law that allows presidents to withdraw US coastal waters from the oil and gas licensing program without granting the right to rescind. Biden rules out the possibility of future licensing of oil and gas production along the east and west coasts of the United States, in the eastern part of the Gulf of Mexico and part of the North Bering Sea. However, the decision does not affect energy development within existing licenses and does not stop the sale of new drilling rights in the gas-bearing Cook District in Alaska or in the central and western parts of the Gulf of Mexico, which provide about 14% of US oil and gas production.Advertisement: The president named this step is a “balanced approach” between nature conservation and energy security. Trump said he would reverse Biden’s decision immediately after taking office. While Trump can issue a rescission order, past court decisions suggest the process could be complicated.