Reflecting America’s Rapid and Accelerating Shift to Clean Energy, Interior Department Announces Fewest Offshore Oil and Gas Lease Sales in History in Proposed Final Program for 2024–2029
The reduction of the next National OCS Program to a maximum of three potential lease sales will bring the Federal offshore oil and gas program in line with the Biden–Harris administration’s goal of net-zero emissions by 2050 and meet the IRA’s requirements for future offshore renewable energy leasing.
The National OCS Program released today will limit leasing to the Gulf of Mexico OCS, where there is existing production and infrastructure. This area includes the portions of the Western, Central and Eastern GOM planning areas not currently under presidential withdrawal.
Source: Energy Industry News (energyindustrynews.net)
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