Arctic Refuge Lease Auction Without Bidders: A Conservation Victory?
The U.S. Interior Department reported no bids for an oil and gas drilling lease auction in Alaska's Arctic National Wildlife Refuge, supporting the Biden administration's stance against fossil fuel development there. High development costs and public relations issues deterred companies, amid opposition from Indigenous groups.
The Interior Department announced a zero-bid outcome for an oil and gas drilling auction in Alaska's Arctic National Wildlife Refuge. The lack of interest affirms the Biden administration's commitment to keeping these lands off-limits to fossil fuel exploration, despite previous pushes for development.
Acting Deputy Interior Secretary Laura Daniel-Davis cited the outcome as evidence of the area's unique environmental and cultural significance, discouraging oil firms. Previous sales, under former President Trump's administration, saw minimal interest, with a small state agency as the primary bidder.
Alaska has filed a lawsuit against the Biden administration, claiming restricted access. Meanwhile, native groups continue to oppose exploration due to sacred and economic concerns. The American Petroleum Institute criticizes the lease offering as too limited for meaningful energy development.
(With inputs from agencies.)
- READ MORE ON:
- Arctic
- Refuge
- oil
- gas
- auction
- Interior Department
- Biden administration
- Trump
- Indigenous
- development
ALSO READ
Deputy Tahsildar Accused in Bribery Scandal to Delay Madurai Property Auction
Legal Battle over Citgo Auction: Judge Rules in Lawsuits' Favor
Dubai Arabian Horse Auction Fetches AED5.5 Million
Telecom Boost: Government Waives Bank Guarantee for Pre-Reform Auctions
Sebi Launches Major Auction to Recover Illicit Investor Funds