Reported 3 days ago
President Joe Biden is set to declare a ban on new offshore oil and gas development across approximately 625 million acres of US coastal waters, including the Atlantic, Pacific, and parts of the Gulf of Mexico. This decision aims to protect vulnerable marine ecosystems and coastal communities from fossil fuel developments and potential oil spills. While this move enhances Biden's climate agenda, it also leaves open the possibility for continued exploitation of previously leased areas in the Gulf, signifying a strategic approach to balancing environmental protection with energy production.
Source: YAHOO