🧵 1. US Interior Department cancels Alaska oil, gas leases issued under Trump in Arctic National Wildlife Refuge, protecting the habitat for polar bears and caribou. #business
🧵 1. US Interior Department cancels Alaska oil, gas leases issued under Trump in Arctic National Wildlife Refuge, protecting the habitat for polar bears and caribou. #business
🧵 2. Environmentalists and Alaska indigenous group praise the move, while Republican Senator slams it. Leases were issued a day before Biden's inauguration.
🧵 3. Interior also protects 13 million acres in National Petroleum Reserve in Alaska, largest undisturbed public land in US. New leasing on over 10 million acres prohibited.
🧵 4. Biden states canceling remaining oil and gas leases in Arctic Refuge and protecting Western Arctic will preserve lands, wildlife, and honor Alaska Natives' culture and history.
🧵 5. Latest effort by Biden to curb oil and gas activities on public lands, combating climate change. Pressure to boost domestic fuel supplies while transitioning away from fossil fuels.
🧵 Read more at: https://www.reuters.com/world/us/biden-administration-announce-cancellation-alaska-wildlife-drilling-leases-2023-09-06/
The oil investors, OPEC and Russia must be very happy.