May 4, 2024

The Power Hour

Knowledge is Power

U.S. to open Atlantic, Arctic offshore leases in new drilling plan

The U.S. Interior Department on Thursday will open up the largest area on record to offshore oil and gas drilling in a new five-year leasing plan, including previously protected parts of the Arctic, Atlantic and Pacific oceans, sources familiar with the proposal said.  The move dovetails with President Donald Trump’s promise to expand domestic energy production, but will come over the objections of environmentalists, state officials, and some business groups worried about spills and coastal tourism.
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