The Biden administration is restricting the final remaining offshore oil and gas lease sale by removing millions of acres, earning rebukes from the fossil fuel industry.
, an Interior Department subagency tasked with managing offshore energy development, published a final notice of sale for Lease Sale 261 late Wednesday, including six million fewer acres than it previously scheduled. The Gulf of Mexico lease sale is set to take place in late September and marks the final planned federal oil and gas sale.
Milito added after the announcement that BOEM's decision to strip millions of acres from the sale and issue other restrictive conditions on companies"poses a real barrier to America’s energy production capabilities, at a time when they’re needed more than ever, with inflation driving up the costs of everything for Americans, including gasoline at the pump."
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