How a Biden approval may unlock drilling in Alaska’s pristine arctic refuge

The sale of the oil and gas leases will be held on January 9.

The Biden administration has approved plans for a sale of oil and gas leases in Alaska that leaves open the door for drilling in a portion of the pristine Arctic National Wildlife Refuge.

The sale will be held Jan. 9, less than two weeks before President Joe Biden leaves office. It will include a fraction of the land total that was available for bidding roughly four years ago in a sale held during the Trump administration.

President-elect Donald Trump pledged during his latest run for the White House to expand oil drilling in the U.S., and he’s pointed to the passage of a 2017 law that enabled Monday’s announcement as a highlight when it comes to Alaska policy.

The 2017 law mandated two lease sales by late 2024, but major oil companies sat out the first sale. The Biden administration reviewed the leasing program, and seven leases from the first sale ultimately were canceled.

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Published on December 10, 2024 16:41
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