The Fort Worth Press - Biden announces more offshore drilling, angering environmentalists

USD -
AED 3.673042
AFN 68.858766
ALL 88.802398
AMD 387.151613
ANG 1.799401
AOA 927.769041
ARS 962.503978
AUD 1.46886
AWG 1.8
AZN 1.70397
BAM 1.749922
BBD 2.015926
BDT 119.312844
BGN 1.750011
BHD 0.376236
BIF 2894.376594
BMD 1
BND 1.290118
BOB 6.899298
BRL 5.418691
BSD 0.998434
BTN 83.448933
BWP 13.198228
BYN 3.267481
BYR 19600
BZD 2.012526
CAD 1.35775
CDF 2871.000362
CHF 0.849991
CLF 0.033728
CLP 930.650396
CNY 7.051904
CNH 7.043005
COP 4153.983805
CRC 518.051268
CUC 1
CUP 26.5
CVE 98.657898
CZK 22.451404
DJF 177.79269
DKK 6.681604
DOP 59.929316
DZD 132.138863
EGP 48.452557
ERN 15
ETB 115.859974
EUR 0.894904
FJD 2.200804
FKP 0.761559
GBP 0.75061
GEL 2.730391
GGP 0.761559
GHS 15.696327
GIP 0.761559
GMD 68.503851
GNF 8626.135194
GTQ 7.71798
GYD 208.866819
HKD 7.79135
HNL 24.767145
HRK 6.799011
HTG 131.740706
HUF 352.160388
IDR 15160.8
ILS 3.781915
IMP 0.761559
INR 83.48045
IQD 1307.922874
IRR 42092.503816
ISK 136.260386
JEP 0.761559
JMD 156.86485
JOD 0.708504
JPY 143.82504
KES 128.797029
KGS 84.238504
KHR 4054.936698
KMF 441.350384
KPW 899.999433
KRW 1332.490383
KWD 0.30507
KYD 0.832014
KZT 478.691898
LAK 22047.152507
LBP 89409.743659
LKR 304.621304
LRD 199.686843
LSL 17.527759
LTL 2.95274
LVL 0.60489
LYD 4.741198
MAD 9.681206
MDL 17.42227
MGA 4515.724959
MKD 55.129065
MMK 3247.960992
MNT 3397.999955
MOP 8.014495
MRU 39.677896
MUR 45.880378
MVR 15.360378
MWK 1731.132286
MXN 19.414804
MYR 4.205039
MZN 63.850377
NAD 17.527759
NGN 1639.450377
NIO 36.746745
NOK 10.48375
NPR 133.518543
NZD 1.60295
OMR 0.384512
PAB 0.998434
PEN 3.742316
PGK 3.9082
PHP 55.653038
PKR 277.414933
PLN 3.82535
PYG 7789.558449
QAR 3.640048
RON 4.449904
RSD 104.886038
RUB 92.515546
RWF 1345.94909
SAR 3.752452
SBD 8.306937
SCR 13.046124
SDG 601.503676
SEK 10.171204
SGD 1.291304
SHP 0.761559
SLE 22.847303
SLL 20969.494858
SOS 570.572183
SRD 30.205038
STD 20697.981008
SVC 8.736188
SYP 2512.529936
SZL 17.534112
THB 32.927038
TJS 10.61334
TMT 3.5
TND 3.025276
TOP 2.342104
TRY 34.117504
TTD 6.791035
TWD 31.981038
TZS 2725.719143
UAH 41.267749
UGX 3698.832371
UYU 41.256207
UZS 12705.229723
VEF 3622552.534434
VES 36.777762
VND 24605
VUV 118.722009
WST 2.797463
XAF 586.90735
XAG 0.03211
XAU 0.000381
XCD 2.70255
XDR 0.739945
XOF 586.90735
XPF 106.706035
YER 250.325037
ZAR 17.43086
ZMK 9001.203587
ZMW 26.433141
ZWL 321.999592
  • BCC

    -7.1900

    137.5

    -5.23%

  • JRI

    -0.0800

    13.32

    -0.6%

  • GSK

    -0.8200

    40.8

    -2.01%

  • SCS

    -0.3900

    12.92

    -3.02%

  • NGG

    0.7200

    69.55

    +1.04%

  • RBGPF

    58.8300

    58.83

    +100%

  • BTI

    -0.1300

    37.44

    -0.35%

  • CMSC

    0.0300

    25.15

    +0.12%

  • RIO

    -1.6100

    63.57

    -2.53%

  • RELX

    -0.1400

    47.99

    -0.29%

  • BP

    -0.1200

    32.64

    -0.37%

  • BCE

    -0.1500

    35.04

    -0.43%

  • AZN

    -0.5200

    78.38

    -0.66%

  • VOD

    -0.0500

    10.01

    -0.5%

  • RYCEF

    0.0200

    6.97

    +0.29%

  • CMSD

    0.0100

    25.02

    +0.04%

Biden announces more offshore drilling, angering environmentalists
Biden announces more offshore drilling, angering environmentalists / Photo: © GETTY IMAGES NORTH AMERICA/AFP/File

Biden announces more offshore drilling, angering environmentalists

President Joe Biden's administration on Friday announced it would auction three new oil and gas leases in the Gulf of Mexico, triggering a furious reaction from environmental groups who said the move would accelerate climate change.

Text size:

Biden, who faces re-election next year, has repeatedly broken his promise made as a candidate to end new drilling on federal land and water, and the issue could be a drag on his ability to energize Democratic voters, especially youth, in 2024.

Biden did order a pause on new drilling soon after taking office, but analysts say he has been restricted in what he can accomplish because of hostile court decisions and the delicate balance of power in Congress.

And Friday's move was also denounced by advocates of the fossil fuel industry because it represented a significant reduction on the number of lease sales planned under former Republican president Donald Trump -- 47 off all US coastal areas in the 2024-2029 period.

It "includes a maximum of three potential oil and gas lease sales -- the fewest oil and gas lease sales in history -- in the Gulf of Mexico Program Area scheduled in 2025, 2027 and 2029," said a statement from the Interior Department.

The statement added that the government is constrained by the terms of the Inflation Reduction Act (IRA) -- Biden's signature climate-investment law passed last year --- which makes the development of new offshore wind farms contingent on also offering at least 60 million acres of oil and gas leases in the previous year.

This rider was added by Democratic Senator Joe Manchin, an ardent backer of fossil fuels, as a condition of his support, which was in turn crucial to pass the bill.

"The Biden-Harris administration is committed to building a clean energy future that ensures America's energy independence," said Secretary of the Interior Deb Haaland.

"The proposed final program, which represents the smallest number of oil and gas lease sales in history, sets a course for the department to support the growing offshore wind industry and protect against the potential for environmental damage and adverse impacts to coastal communities."

- Prioritizing polluters over climate -

Those reassurances failed to satisfy climate action activists.

"This decision is beyond disappointing, as Americans face the impacts of the growing climate crisis through more frequent and intense fires, droughts, hurricanes, and floods," said Beth Lowell, vice president for the United States of the non-profit Oceana.

"President Biden is unfortunately showing the world that it's okay to continue to prioritize polluters over real climate solutions."

Mattea Mrkusic, energy transition policy lead for the nonprofit Evergreen Action added: "Experts have warned us for years that any new fossil fuel production is incompatible with limiting warming to 1.5 C degrees -- and just this week the International Energy Agency reaffirmed that these kinds of fossil fuel projects are not needed to meet our energy needs."

Mrkusic added new drilling wouldn't just accelerate climate change but also subject frontline communities to deadly pollution.

The American Petroleum Institute on the other hand slammed the auctions for being too "restrictive."

"At a time when inflation runs rampant across the country, the Biden administration is choosing failed energy policies that are adding to the pain Americans are feeling at the pump," said API President and CEO Mike Sommers.

S.Jordan--TFWP