The Prague Post - Biden announces more offshore drilling, angering environmentalists

EUR -
AED 4.29763
AFN 73.724064
ALL 95.431377
AMD 434.627922
ANG 2.094559
AOA 1074.262038
ARS 1643.874137
AUD 1.634032
AWG 2.107859
AZN 1.984963
BAM 1.956879
BBD 2.356479
BDT 143.878113
BGN 1.952047
BHD 0.441577
BIF 3481.405466
BMD 1.17022
BND 1.493911
BOB 8.084424
BRL 5.823839
BSD 1.169935
BTN 110.55302
BWP 15.823591
BYN 3.300992
BYR 22936.318367
BZD 2.353088
CAD 1.601862
CDF 2717.84236
CHF 0.923775
CLF 0.026511
CLP 1043.391257
CNY 8.001323
CNH 8.001048
COP 4229.913493
CRC 532.188931
CUC 1.17022
CUP 31.010839
CVE 110.470778
CZK 24.360418
DJF 207.971501
DKK 7.47363
DOP 69.335679
DZD 155.10686
EGP 61.84563
ERN 17.553305
ETB 184.163444
FJD 2.574838
FKP 0.863581
GBP 0.866495
GEL 3.153717
GGP 0.863581
GHS 13.036213
GIP 0.863581
GMD 86.01005
GNF 10271.657198
GTQ 8.938853
GYD 244.774983
HKD 9.170671
HNL 31.151616
HRK 7.53376
HTG 153.263208
HUF 364.107615
IDR 20272.136264
ILS 3.465063
IMP 0.863581
INR 110.912839
IQD 1532.988626
IRR 1540009.947262
ISK 143.200095
JEP 0.863581
JMD 184.341656
JOD 0.829712
JPY 186.878922
KES 151.133946
KGS 102.311893
KHR 4692.584034
KMF 492.663287
KPW 1053.193392
KRW 1729.357442
KWD 0.36019
KYD 0.975029
KZT 536.281153
LAK 25680.484902
LBP 104783.164694
LKR 372.932469
LRD 215.027493
LSL 19.349565
LTL 3.455356
LVL 0.707855
LYD 7.425053
MAD 10.831852
MDL 20.234986
MGA 4855.243698
MKD 61.631857
MMK 2457.508725
MNT 4208.527688
MOP 9.443968
MRU 46.808827
MUR 54.801195
MVR 18.079995
MWK 2037.353617
MXN 20.360955
MYR 4.624705
MZN 74.788524
NAD 19.366914
NGN 1609.006392
NIO 42.964656
NOK 10.917969
NPR 176.885033
NZD 1.995407
OMR 0.449951
PAB 1.16994
PEN 4.11449
PGK 5.084314
PHP 72.071559
PKR 326.169716
PLN 4.249491
PYG 7333.981695
QAR 4.263406
RON 5.096544
RSD 117.350319
RUB 88.146058
RWF 1709.106784
SAR 4.38922
SBD 9.392113
SCR 16.538386
SDG 702.721016
SEK 10.857181
SGD 1.494564
SHP 0.873688
SLE 28.816696
SLL 24538.930615
SOS 668.783467
SRD 43.842276
STD 24221.198058
STN 24.867182
SVC 10.237558
SYP 129.367004
SZL 19.366762
THB 38.176053
TJS 10.974452
TMT 4.101622
TND 3.374623
TOP 2.81761
TRY 52.742114
TTD 7.955319
TWD 36.963769
TZS 3051.493403
UAH 51.560793
UGX 4352.362943
USD 1.17022
UYU 46.175069
UZS 14124.559215
VES 567.110495
VND 30831.209788
VUV 138.350004
WST 3.192142
XAF 656.313319
XAG 0.015878
XAU 0.000255
XCD 3.162579
XCG 2.108545
XDR 0.816484
XOF 654.739339
XPF 119.331742
YER 279.272599
ZAR 19.365098
ZMK 10533.402627
ZMW 22.198146
ZWL 376.810467
  • RBGPF

    -0.5300

    63.47

    -0.84%

  • CMSC

    -0.0300

    22.83

    -0.13%

  • GSK

    0.2500

    54.47

    +0.46%

  • BTI

    1.1500

    58.47

    +1.97%

  • RIO

    -1.4600

    98.49

    -1.48%

  • AZN

    -0.8300

    186.68

    -0.44%

  • NGG

    0.2200

    87.45

    +0.25%

  • BP

    0.3800

    46.35

    +0.82%

  • BCE

    -0.0600

    23.5

    -0.26%

  • RELX

    -0.3800

    36.01

    -1.06%

  • CMSD

    -0.0600

    23.2

    -0.26%

  • RYCEF

    -0.1000

    15.3

    -0.65%

  • BCC

    -1.2500

    82.61

    -1.51%

  • JRI

    -0.0200

    12.81

    -0.16%

  • VOD

    -0.0200

    15.49

    -0.13%

Biden announces more offshore drilling, angering environmentalists
Biden announces more offshore drilling, angering environmentalists / Photo: TOM PENNINGTON - GETTY IMAGES NORTH AMERICA/AFP/File

Biden announces more offshore drilling, angering environmentalists

President Joe Biden's administration on Friday announced it would auction three new oil and gas leases in the Gulf of Mexico, triggering a furious reaction from environmental groups who said the move would accelerate climate change.

Text size:

Biden, who faces re-election next year, has repeatedly broken his promise made as a candidate to end new drilling on federal land and water, and the issue could be a drag on his ability to energize Democratic voters, especially youth, in 2024.

Biden did order a pause on new drilling soon after taking office, but analysts say he has been restricted in what he can accomplish because of hostile court decisions and the delicate balance of power in Congress.

And Friday's move was also denounced by advocates of the fossil fuel industry because it represented a significant reduction on the number of lease sales planned under former Republican president Donald Trump -- 47 off all US coastal areas in the 2024-2029 period.

It "includes a maximum of three potential oil and gas lease sales -- the fewest oil and gas lease sales in history -- in the Gulf of Mexico Program Area scheduled in 2025, 2027 and 2029," said a statement from the Interior Department.

The statement added that the government is constrained by the terms of the Inflation Reduction Act (IRA) -- Biden's signature climate-investment law passed last year --- which makes the development of new offshore wind farms contingent on also offering at least 60 million acres of oil and gas leases in the previous year.

This rider was added by Democratic Senator Joe Manchin, an ardent backer of fossil fuels, as a condition of his support, which was in turn crucial to pass the bill.

"The Biden-Harris administration is committed to building a clean energy future that ensures America's energy independence," said Secretary of the Interior Deb Haaland.

"The proposed final program, which represents the smallest number of oil and gas lease sales in history, sets a course for the department to support the growing offshore wind industry and protect against the potential for environmental damage and adverse impacts to coastal communities."

- Prioritizing polluters over climate -

Those reassurances failed to satisfy climate action activists.

"This decision is beyond disappointing, as Americans face the impacts of the growing climate crisis through more frequent and intense fires, droughts, hurricanes, and floods," said Beth Lowell, vice president for the United States of the non-profit Oceana.

"President Biden is unfortunately showing the world that it's okay to continue to prioritize polluters over real climate solutions."

Mattea Mrkusic, energy transition policy lead for the nonprofit Evergreen Action added: "Experts have warned us for years that any new fossil fuel production is incompatible with limiting warming to 1.5 C degrees -- and just this week the International Energy Agency reaffirmed that these kinds of fossil fuel projects are not needed to meet our energy needs."

Mrkusic added new drilling wouldn't just accelerate climate change but also subject frontline communities to deadly pollution.

The American Petroleum Institute on the other hand slammed the auctions for being too "restrictive."

"At a time when inflation runs rampant across the country, the Biden administration is choosing failed energy policies that are adding to the pain Americans are feeling at the pump," said API President and CEO Mike Sommers.

W.Urban--TPP