The Biden administration has released a preliminary proposal that could prohibit oil and gas leases in the Gulf of Mexico for the next five years, though it will undergo a lengthy public comment period and congressional review before it’s finalized.
The U.S. Environmental Protection Agency currently does not have the authority to regulate carbon emissions from power plants, the U.S. Supreme Court’s majority said in a ruling issued today.
The U.S. government this week is holding its first onshore oil and gas drilling lease auctions since President Joe Biden took office after a federal court blocked the administration’s attempt to suspend such sales because of climate change worries.