Biden to ban new oil and gas field development, Bloomberg reports

Politics and Government Politics and Government

Sun, January 5, 2025

[ Sun, Jan 05th ] - MSN

NBA News: Wembanyama's harsh self-critique after overtime loss to Nuggets

[ Sun, Jan 05th ] - Newsday

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Musk says Farage 'doesn't have what it takes' to be Reform UK leader

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Austrian People's Party nominates Christian Stocker as interim leader after Nehammer resigns

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Elon Musk calls UK PM Keir Starmer a 'national embarrassment', demands his resignation

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Jeff Bezos cartoon that his newspaper Washington .. on the web; here's the cartoon and what it meant

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Trump slams U.K. North Sea energy policy, says 'get rid of windmills'

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President Joe Biden awards Medal of Freedom to Hillary Clinton

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Austrian Chancellor says he will resign after talks on forming government fail

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Sat, January 4, 2025

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Biden to ban new oil and gas field development, Bloomberg reports

^{Published on 2025-01-04 21:40:47 - MSN}

US President Joe Biden intends to ban new offshore oil and gas developments along the US coastal territory. This decision could be made on January 6, Bloomberg reports. In particular, this decision excludes the sale of drilling rights in the Atlantic and Pacific Ocean waters,

President Joe Biden is set to announce a ban on new oil and gas field development on federal lands and waters as part of his strategy to combat climate change, according to Bloomberg News. This policy aims to reduce greenhouse gas emissions by limiting the expansion of fossil fuel extraction. The decision comes amidst growing pressure from environmental groups and aligns with Biden's broader climate goals, although it might face opposition from the oil and gas industry and some lawmakers who argue it could hinder energy independence and economic growth. The ban would not affect existing leases or production but would prevent new leases from being issued, potentially impacting future oil and gas exploration and development.

Read the Full MSN Article at:
[ https://www.msn.com/en-gb/politics/government/biden-to-ban-new-oil-and-gas-field-devglopment-bloomberg-reports/ar-AA1wWFNJ ]

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