Biden administration restricts oil and gas leasing in 13 million acres of Alaska's petroleum reserve

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The Biden administration has announced restrictions on new oil and gas leasing on 13 million acres of a federal petroleum reserve in Alaska. The decision aims to protect wildlife such as caribou and polar bears as the Arctic continues to warm. The restrictions were first proposed last year and are part of a larger plan to close nearly half of the reserve to oil and gas leasing. Existing leases and authorized operations are not affected by the decision. The administration also recommended rejecting a state corporation's application for a road in the northwest part of the state to allow mining of critical mineral deposits. Republican lawmakers, including Alaska Senators Dan Sullivan and Lisa Murkowski, criticized the decisions, calling them an attack on the state's economy and national security interests. Environmentalists praised the decision as a commitment to conservation and addressing the climate crisis.

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https://finance.yahoo.com/news/biden-administration-restricts-oil-gas-090240598.html