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Biden admin proposes plan to hold fewest offshore oil drilling leases in US history
Fox News
The Biden administration proposed a plan Friday to dramatically decrease the number of oil and gas lease sales in federal waters over the next five years in a blow to industry.
"The release of the U.S. offshore leasing program, mandated by law and long overdue, is an utter failure for the country," Erik Milito, the president of the National Ocean Industries Association, which represents both traditional and renewable offshore energy producers, said in a statement Friday. Thomas Catenacci is a politics writer for Fox News Digital.
"President Biden’s approach significantly curtails access to a critical national asset at a time when energy inflation is rampant, the likelihood of a national recession looms, and global efforts are intensifying to curb greenhouse gas emissions," Milito said. "The White House simply ignores our energy realities in once again limiting U.S. energy production opportunities."