In order to stop new offshore oil drilling projects in the Atlantic and Pacific oceans, the Biden administration on Friday unveiled a five-year strategy.
According to the Interior Department, the proposed approach will enable the administration to hold zero new lease sales — a move that will further destroy the American economy.
Over the course of the next five years, the plan might permit a maximum of 11 oil lease auctions for offshore drilling, 10 in the Gulf of Mexico and one in the Cook Inlet off the coast of south-central Alaska.
Per the Department of the Interior (DOI) Secretary Deb Haaland, “A Proposed Program is not a decision to issue specific leases or to authorize any drilling or development.”
“From Day One, President Biden and I have made clear our commitment to transition to a clean energy economy,” she continued.
The plan calls for expanding oil output and President Joe Biden’s commitment to combating climate change amid rising petrol prices and inflation. During his campaign, Biden also promised to outlaw offshore fossil fuel drilling.
Given that it frequently takes years for businesses to start drilling after a transaction is completed, any new offshore leases are unlikely to have an immediate influence on fuel costs.
A new five-year plan for offshore oil drilling will be implemented as part of the recently announced plan, which is needed by the federal government.
In the Gulf of Mexico, the DOI last staged an offshore oil and gas auction in November. However, the sale was later halted by court order on the grounds that the administration had not adequately taken into account the impact of the sale on the environment.
The DOI aims to invite public input on this topic and may adjust the areas they open up for new drilling based on the response they receive.
The Daily Caller News Foundation contacted the White House for comment, but they did not respond right away. The DCNF was directed by the DOI to a statement that was released at the time of the decision.