President Joe Biden is cutting back on the number of spots that the U.S. government will lease to oil companies in the Gulf of Mexico Program Area scheduled in 2025, 2027 and 2029,” the Department of the Interior said in a statement.
The New York Times noted that the five-year plan from the administration is “significant” because it stops the government from allowing “any lease sales that are not specified in the plan, and the time frame is such that it determines the actions of a future administration.”
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