February 1, 2023
The United States has announced plans to produce oil and natural gas

The United States has announced plans to produce oil and natural gas

This action establishes the leasing of areas for the extraction of resources; Environmental groups have criticized the move

United Nations Announced Friday (15.mar.2022) New plan for oil and natural gas production on federal lands. The move is about leasing excavated areas. Information from Reuters.

About 144,000 acres (approximately 58,274 hectares) will be provided for resource extraction, according to the U.S. Department of the Interior. The area is 80% smaller compared to the 1st estimate of land.

Oil and natural gas companies are required to publish environmental impact assessments and pay 18.75% of the value of the extracted products.

Although the move would require the U.S. government to lease less land, it does include Gain rights Environmental groups have been critical of the move, citing high and climate impact assessments for companies.

Ecosystem Center for Biological Diversity For example, said the government’s announcement “This is pure fiction and an irresponsible failure of climate leadership”.

The plan is in line with promises made by US President Joe Biden during the 2020 presidential campaign. Biden said at the time that the leases would be terminated.

With the war in Ukraine Import ban The United States had to reconsider the Biden issue of Russian oil and natural gas. The US leader also said that Russia was working with other countries to reduce its dependence on energy.

Some examples are the European Union (EU) and India. The European Union is still there Study Including sanctions on Russian oil. India, on the other hand, wants to avoid US sanctions, especially as it has increased oil imports from Russia.