Reported 1 day ago
President Joe Biden has indefinitely banned offshore oil and gas development in over 625 million acres of U.S. coastal waters, arguing that the risks outweigh the benefits for the country's energy needs. This decision, solidified through presidential memoranda, is designed to balance environmental protection with energy security and is more challenging for the incoming administration to reverse. Areas affected include the U.S. East and West Coasts, the eastern Gulf of Mexico, and parts of the Northern Bering Sea, all crucial for wildlife and local economies. While the move has drawn criticism from oil industry leaders and political opponents, it is seen as a step forward for conservation efforts.
Source: YAHOO