Political and Legislative
Biden Administration Will Hold Its First Lease Sales For Oil and Gas Drilling on Federal Lands
The Biden administration is set to hold lease sales for new oil and gas drilling on public lands starting this week and, for the first time, it will implement new regulations for producers.
The oil auctions will effectively be the administration’s first, since the only other lease sale it has held was tossed in court on environmental grounds.
But neither industry nor green groups are particularly pleased with the sales, as industry wanted more land and fewer stipulations while many climate hawks wanted no lease sales at all.
