Federal court decision could slow oil industry efforts to store carbon in the Gulf of Mexico

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lease sale the Biden Administration held last November. ExxonMobil was the biggest spender at the time, bidding on nearly 100 leases in shallow waters. Because the areas it bid on weren’t expected to be very lucrative for oil and gas drilling,But late last week, US District Court Judge Rudolph Contreras canceled leases issued during the November sale. The enormous sale, which auctioned off 80.

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China to strengthen anti-monopoly efforts in pharma industryChina will toughen law enforcement to curb monopoly practices and unfair competition in the pharmaceutical industry as the government seeks to foster a good business environment, the industry ministry said on Sunday.
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