Biden administration cancels Alaska oil and gas lease sale

Posted on AllSides May 12th, 2022
From The Left
LUCAS JACKSON / REUTERS

The Biden administration has canceled one of the most high-profile oil and gas lease opportunities pending before the Interior Department. The decision, which halts the potential to drill for oil in over 1 million acres in the Cook Inlet in Alaska, comes at a challenging political moment, when gas prices are hitting painful new highs.

In a statement shared first with CBS News, the Department of the Interior cited a "lack of industry interest in leasing in the area" for the decision to "not move forward" with the Cook Inlet...

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https://www.cbsnews.com/news/biden-alaska-oil-gas-lease-sale-canceled/

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