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Biden’s Offshore Drilling Plan Could Bring New Lease Sales

  • US targets as many as 11 lease sales in the next five years
  • Plan now goes to public comment, could change in coming months
Updated on

The Biden administration opened the door to selling new oil and gas drilling leases in the Gulf of Mexico and Alaska in a move likely to anger climate activists pushing to see a domestic ramp down for fossil fuels.

The Interior Department is proposing as many as 11 lease sales over the next five years, according to draft plan made public Friday. They include 10 in the Gulf of Mexico and one in the Cook Inlet off the Alaskan coast. The plan also includes an option to conduct no lease sales. Similar to the previous drilling plan, the proposal bars new leases off both the Atlantic and Pacific coasts.