Trump administration pushes to sell Alaska oil leases pre-Biden inauguration

The Trump Administration will take key steps to finalize a sale of oil drilling leases in the sensitive Arctic National Wildlife Refuge (ANWR) in Alaska just before Democrat Joseph Biden becomes president, a government spokeswoman confirmed on Friday. Biden opposes drilling in ANWR, while lawmakers in Alaska have long pushed to open up the ecologically sensitive area for oil and gas exploration.


Reuters | Washington DC | Updated: 14-11-2020 03:44 IST | Created: 14-11-2020 02:03 IST
Trump administration pushes to sell Alaska oil leases pre-Biden inauguration
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The Trump Administration will take key steps to finalize a sale of oil drilling leases in the sensitive Arctic National Wildlife Refuge (ANWR) in Alaska just before Democrat Joseph Biden becomes president, a government spokeswoman confirmed on Friday. The White House will be sending out a call for nominations in coming days, according to a spokeswoman for the U.S. Bureau of Land Management in Anchorage, Alaska. A call for nominations is a request to energy companies on what specific land areas should be offered for sale.

That would start the clock on a 60-day period before sales could take place in ANWR, where drilling had been banned for decades before a Republican-led tax legislation signed in 2017 removed that ban. Biden opposes drilling in ANWR, while lawmakers in Alaska have long pushed to open up the ecologically sensitive area for oil and gas exploration. Following a 30-day period after the call for nominations, the government would have to issue a notice for an impending sale of leases. Thirty days after that notice, the sale would take place. That would put a potential sale just before Biden's inauguration on Jan. 20.

Alaska produces roughly 500,000 barrels per day of crude oil, far below its peak of 2 million bpd in the late 1980s. Bloomberg reported the news earlier on Friday.

The White House finalized a plan to allow drilling earlier this year. The 19 million acre (7.7 million hectares) refuge is home to wildlife populations including Porcupine caribou and polar bears. In recent months, several big U.S. banks have said they would not finance oil and gas projects in the Arctic region. The sloping terrain and lack of water makes ANWR less advantageous for drilling than the National Petroleum Reserve, or NPR-A, which occupies the westernmost part of the North Slope, scientists have said.

 

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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