Biden announces ban on offshore drilling

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Biden announces ban on offshore drilling

^{Published on 2025-01-07 19:20:48 - MSN}

President Joe Biden announced he'll stop companies from drilling for oil off the coast of most of the U.S. Members of Congress warn it could raise the price you pay for gas.

President Joe Biden has announced a comprehensive ban on offshore drilling in the United States, aiming to protect marine environments and combat climate change. This decision, detailed in an article on MSN, marks a significant shift in U.S. energy policy, focusing on reducing reliance on fossil fuels. The ban covers all new oil and gas leases in federal waters, including areas in the Gulf of Mexico, the Atlantic, and the Arctic Ocean. Environmental groups have praised the move as a step towards sustainability, although it has met with opposition from the oil and gas industry, which argues that it could lead to increased energy costs and greater dependence on foreign oil. The policy also includes plans to invest in renewable energy sources and to support workers in transitioning from the fossil fuel sector to green jobs.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/biden-announces-ban-on-offshore-drilling/ar-AA1x8nSO ]

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