The Week (US)
Oil: U.S. suspends Alaska drilling leases
The Biden administration this week suspended oil and gas leases in Alaska’s Arctic National Wildlife Refuge issued just before President Trump left office, said Adam Federman in Politico.com. Though Republicans and the oil industry campaigned for years to open up ANWR for drilling, when the Trump administration offered leases in January, “the sale flopped and generated only $14.4 million in revenue and bids from only three players, none of which were major oil and gas operators.” Most of the leases went to a state-owned corporation, which bid the minimum $25 an acre. The Biden administration disappointing environmental groups, however, by lending support last week to a ConocoPhillips project to the west of the ANWR.