The Interior Department will hold just three offshore oil and gas lease sales between 2023 and 2029, according to its new five-year plan published Friday, a long-awaited proposal that is almost certain to be met with sharp criticism from Republicans and industry groups.
According to the department, no lease sales will take place in 2024 for the first time since the program was created in 1978. Instead, the five-year plan calls for one new sale per year in 2025, 2027, and 2029.The final rule was published in the Federal Register and will undergo a 60-day waiting period before it is approved.
American Petroleum Institute President and CEO Mike Sommers criticized the Biden administration's"restrictive" offshore program, saying in a statement Friday that it's"the latest tactic in a coordinated strategy to reduce energy production, ultimately weakening America’s energy dominance, limiting consumers access to affordable reliable energy and compromising our ability to lead on the global stage.
Interior told a federal court in March that it will need until the end of the year to finalize its delayed five-year program, which will replace the expired 2017-2022 program. "This is not optional," Manchin said in a statement at the time."The Outer Continental Shelf Lands Act mandates that the Secretary of the Interior 'shall prepare' this program to 'best meet national energy needs.'"
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