Chevron Corp., BP Plc. and other oil giants bid a combined $264 million in a Biden administration oil-drilling auction, a fresh affront to climate activists smarting from the White House’s approval of an Arctic exploration project.
The offshore sale — one of the nation’s largest ever — held by the Interior Department on Wednesday was one of several required under the Democrats’ climate law as a concession to Senator Joe Manchin to secure the bill’s passage in the Senate.
