By signing the Inflation Reduction Act, President Biden reinstated Lease Sale 257, the largest oil and gas lease sale in U.S. history. (Getty Images/iStock)
Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’
Important Takeaways:
- Biden approves largest oil, gas lease sale in US history, steamrolls eco review with inflation bill
- The Inflation Reduction Act reinstates Lease Sale 257, an oil and gas sale spanning 80.8 million acres across the Gulf of Mexico
- “Congress has acted, the leases must be issued, and the lawsuit must be dismissed,” he continued.
- In November, the DOI held the lease sale which generated more than $191 million in bids for 308 tracts from fossil fuel companies despite criticism from several prominent Democratic lawmakers and environmental groups. However, a federal court blocked the sale in January ruling in favor of a coalition, led by Friends of the Earth and the Sierra Club, that argued the Biden administration failed to properly analyze the climate impacts of the sale.
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