President Joe Biden’s administration on Friday proposed up to 10 oil and gas lease sales in the Gulf of Mexico and one off the Alaska coast over the next five years — going against the Democrat’s climate promises but scaling back a Trump-era plan that called for dozens of offshore drilling opportunities including in undeveloped areas.
The Biden Administration recently announced that it will resume lease sales for oil & gas drilling on federal lands, but that it would also raise the federal royalties that companies must pay in order to drill.