Tags: Trump Administration | arctic oil lease | bureau of land management | arctic national wildlife refuge

Trump Administration to Seek Bids on Arctic Oil Leases

Trump Administration to Seek Bids on Arctic Oil Leases
This undated photo shows the Arctic National Wildlife Refuge in Alaska. (U.S. Fish and Wildlife Service/Getty Images)

Monday, 16 November 2020 01:41 PM

The Trump administration on Monday invited oil companies to choose proposed drilling territories as it pushes ahead with a controversial Alaska leasing plan in its final days in office.

The Bureau of Land Management said it will Tuesday officially open a 30-day period to accept nominations and comment on some 1.6 million acres (650,000 hectares) in the Arctic National Wildlife Refuge.

The move aims to open up to development a target area long sought by petroleum interests and defended by environmentalists. Some major banks have said they won't finance projects in the refuge.

Joe Biden is scheduled to take office on January 20, 2021 after defeating Trump earlier this month.

Tuesday's announcement in the Federal Register creating the official comment period will be followed by a subsequent Federal Register notice announcing the lease sale date "published at least 30 days prior to the sale date," BLM said.

"Receiving input from industry on which tracts to make available for leasing is vital in conducting a successful lease sale," said BLM Alaska State Director Chad Padgett.

Environmentalists have long fought the plan and filed a lawsuit in U.S. court in August contesting the Trump administration proposal on the basis that it would irreparably harm a place of pristine wildlife that is home to migrating caribou and polar bears.

© AFP 2020


   
1Like our page
2Share
Politics
The Trump administration on Monday invited oil companies to choose proposed drilling territories as it pushes ahead with a controversial Alaska leasing plan in its final days in office. The Bureau of Land...
arctic oil lease, bureau of land management, arctic national wildlife refuge
216
2020-41-16
Monday, 16 November 2020 01:41 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved