Biden to Offer Smallest-Ever Offshore Oil Rights Sale Plan
- Five-year blueprint for oil leasing to be published Friday
- Activists argue even one sale is too many as world warms
Oil industry advocates had pushed for a robust sale schedule to ensure steady development and production in the Gulf of Mexico.
Photographer: Eddie Seal/BloombergThis article is for subscribers only.
The Biden administration is charting plans to sell offshore oil-drilling rights in the Gulf of Mexico over the next five years, while trimming the program to its smallest level ever.
The oil leasing plan being released by the Interior Department on Friday will contain only a low number of sales, according to people familiar with the deliberations who declined to be named because the blueprint isn’t yet public. That’s far from the 11 sales the agency proposed last year, and it would be the lowest in history.