The Prague Post - Trump plans massive expansion of offshore oil drilling

EUR -
AED 4.284499
AFN 75.831399
ALL 96.736501
AMD 444.688105
ANG 2.088761
AOA 1069.811867
ARS 1704.331079
AUD 1.741519
AWG 2.0775
AZN 1.99095
BAM 1.957525
BBD 2.347689
BDT 142.435533
BGN 1.944438
BHD 0.439402
BIF 3449.903146
BMD 1.166643
BND 1.499492
BOB 8.072045
BRL 6.289021
BSD 1.165737
BTN 104.980172
BWP 15.640253
BYN 3.413137
BYR 22866.206683
BZD 2.344286
CAD 1.620818
CDF 2636.613334
CHF 0.931145
CLF 0.02668
CLP 1046.642553
CNY 8.140078
CNH 8.133008
COP 4332.212852
CRC 579.63072
CUC 1.166643
CUP 30.916045
CVE 110.361319
CZK 24.261395
DJF 207.574721
DKK 7.471947
DOP 74.217955
DZD 152.11023
EGP 55.118759
ERN 17.499648
ETB 181.235272
FJD 2.656971
FKP 0.870196
GBP 0.868613
GEL 3.144111
GGP 0.870196
GHS 12.495906
GIP 0.870196
GMD 86.331891
GNF 10203.473662
GTQ 8.937762
GYD 243.832807
HKD 9.092654
HNL 30.740674
HRK 7.533831
HTG 152.671752
HUF 386.057442
IDR 19661.437818
ILS 3.68053
IMP 0.870196
INR 105.188863
IQD 1527.039282
IRR 49144.844905
ISK 147.207135
JEP 0.870196
JMD 184.60219
JOD 0.827119
JPY 184.361704
KES 150.49714
KGS 102.015362
KHR 4681.34651
KMF 494.656832
KPW 1049.98337
KRW 1714.825221
KWD 0.358731
KYD 0.971364
KZT 595.459901
LAK 25197.423238
LBP 104382.790455
LKR 360.360686
LRD 209.231712
LSL 19.291668
LTL 3.444794
LVL 0.705691
LYD 6.322627
MAD 10.764495
MDL 19.757498
MGA 5404.925676
MKD 61.604029
MMK 2449.649396
MNT 4152.178113
MOP 9.359809
MRU 46.827302
MUR 54.470106
MVR 18.035917
MWK 2021.268033
MXN 20.945332
MYR 4.743538
MZN 74.54337
NAD 19.291668
NGN 1661.090042
NIO 42.899831
NOK 11.749205
NPR 167.977963
NZD 2.029627
OMR 0.44939
PAB 1.165617
PEN 3.920255
PGK 4.973618
PHP 69.163273
PKR 326.292467
PLN 4.212107
PYG 7713.864584
QAR 4.249309
RON 5.090299
RSD 117.422985
RUB 91.998281
RWF 1698.970169
SAR 4.37526
SBD 9.485061
SCR 16.19904
SDG 701.736227
SEK 10.718791
SGD 1.501235
SHP 0.875285
SLE 28.145244
SLL 24463.928818
SOS 665.020304
SRD 44.555303
STD 24147.158758
STN 24.522769
SVC 10.199076
SYP 12902.577825
SZL 19.286246
THB 36.445993
TJS 10.851825
TMT 4.083251
TND 3.412478
TOP 2.808997
TRY 50.32326
TTD 7.912041
TWD 36.934763
TZS 2916.182196
UAH 50.27812
UGX 4196.662674
USD 1.166643
UYU 45.379411
UZS 14114.37894
VES 379.13881
VND 30641.883599
VUV 140.405395
WST 3.247914
XAF 656.563789
XAG 0.013849
XAU 0.000255
XCD 3.152912
XCG 2.100769
XDR 0.816544
XOF 656.541257
XPF 119.331742
YER 278.186262
ZAR 19.204229
ZMK 10501.1865
ZMW 22.584098
ZWL 375.658634
  • RBGPF

    0.0000

    81.57

    0%

  • SCS

    0.0200

    16.14

    +0.12%

  • GSK

    1.3700

    50.39

    +2.72%

  • NGG

    1.8600

    80.12

    +2.32%

  • RELX

    1.0300

    43.14

    +2.39%

  • RYCEF

    0.3300

    17.45

    +1.89%

  • AZN

    0.6400

    94.65

    +0.68%

  • CMSC

    0.2800

    23.27

    +1.2%

  • BCE

    0.0200

    23.74

    +0.08%

  • BCC

    7.4500

    83.05

    +8.97%

  • RIO

    -2.0800

    81.13

    -2.56%

  • JRI

    0.0600

    13.8

    +0.43%

  • CMSD

    0.0400

    23.69

    +0.17%

  • BTI

    -0.3100

    55.19

    -0.56%

  • BP

    -1.8300

    34.29

    -5.34%

  • VOD

    -0.3200

    13.5

    -2.37%

Trump plans massive expansion of offshore oil drilling
Trump plans massive expansion of offshore oil drilling / Photo: Handout - US COAST GUARD/AFP

Trump plans massive expansion of offshore oil drilling

President Donald Trump's administration is planning to open up millions of square miles (kilometers) of US coastal waters to oil and gas drilling, it said Thursday, in a step that could lead to a massive expansion of fossil fuel extraction.

Text size:

The move comes as Washington looks increasingly out of step with much of the developed world, where there is growing acceptance of the reality of human-caused climate change.

Under the plan announced by the US Department of the Interior, 34 lease sales will be offered, allowing for drilling in 1.27 billion acres (500 million hectares) -- an area the size of the Amazon.

The proposal includes waters off the north coast of Alaska that have never been drilled before, in the Gulf of Mexico -- which the administration calls the Gulf of America -- and off California.

"The Biden administration slammed the brakes on offshore oil and gas leasing and crippled the long-term pipeline of America’s offshore production," said Secretary of the Interior Doug Burgum, referring to Trump's predecessor Joe Biden.

Burgum insisted that offshore energy production requires a lot of time and investment.

"By moving forward with the development of a robust, forward-thinking leasing plan, we are ensuring that America’s offshore industry stays strong, our workers stay employed, and our nation remains energy dominant for decades to come."

Trump speaks frequently of what he says is the need for America to drill for more fossil fuel, and is disparaging about the global shift to renewables, which he calls a "scam." He regularly calls climate change science "a con."

Under his presidency, the country has pulled back from international agreements on fighting climate change, and did not send an official delegation to the ongoing COP30 climate summit in Brazil.

But the plans announced Thursday are likely to face pushback domestically, particularly from California, whose government pledged to block drilling in the state's coastal waters.

"Trump’s idiotic plan endangers our coastal economy and communities and hurts the well-being of Californians. This reckless attempt to sell out our coastline to his Big Oil donors is dead in the water," said Governor Gavin Newsom.

"Californians remember the environmental and economic devastation of past oil spills. For decades, California has stood firm in our opposition to new offshore drilling, and nothing will change that.

The proposals are also expected to face opposition in the Gulf, where memories remain of the devastating Deepwater Horizon spill in 2010, which saw millions of gallons (liters) of oil wreck tourism and fishing.

Rick Scott, a Republican senator for Florida, was quick to lodge his objections to the Trump plan.

"Florida’s coasts must remain off the table for oil drilling to protect Florida’s tourism, environment, and military training opportunities," he wrote on X.

Z.Pavlik--TPP