President Joe Biden may take one more shot at the oil and gas industry before he departs the White House.
According to Bloomberg, citing unnamed sources, the president plans to issue a decree that would permanently ban new offshore oil and gas development within U.S. coastal waters.
“Joe Biden is again attacking American energy like he’s done for the last four years, but today’s action will do nothing but further enshrine failure as the biggest part of his legacy. President Trump should overturn this order on the first day and quickly usher Biden’s green agenda into the dustbin of history,” Daniel Turner, executive director of Power the Future, an energy advocacy group, said in a statement.
President-elect Donald Trump is expected to overturn many of Biden’s anti-fossil fuel actions, but he might not be able to reverse a permanent ban on offshore oil and gas development. The 1953 Outer Continental Shelf Lands Act gave presidents the authority to permanently protect U.S. waters from leasing, but it contains no specific provision to undo the protections.
More
justthenews.com
According to Bloomberg, citing unnamed sources, the president plans to issue a decree that would permanently ban new offshore oil and gas development within U.S. coastal waters.
“Joe Biden is again attacking American energy like he’s done for the last four years, but today’s action will do nothing but further enshrine failure as the biggest part of his legacy. President Trump should overturn this order on the first day and quickly usher Biden’s green agenda into the dustbin of history,” Daniel Turner, executive director of Power the Future, an energy advocacy group, said in a statement.
President-elect Donald Trump is expected to overturn many of Biden’s anti-fossil fuel actions, but he might not be able to reverse a permanent ban on offshore oil and gas development. The 1953 Outer Continental Shelf Lands Act gave presidents the authority to permanently protect U.S. waters from leasing, but it contains no specific provision to undo the protections.
More
Biden reportedly planning to enact a permanent ban on offshore oil and gas leasing
President-elect Donald Trump is expected to overturn many of Biden’s anti-fossil fuel actions, but he might not be able to reverse a possible permanent ban on offshore oil and gas development.
justthenews.com
