FILE - This Sunday, April 10, 2011 picture shows a rig and supply vessel in the Gulf of Mexico, off the cost of Louisiana. Thirteen states sued the Biden administration Wednesday, March 24, 2021 to end a suspension of new oil and gas leases on federal land and water and to reschedule canceled sales of offshore leases in the Gulf of Mexico, Alaska waters and western states.
API also called for fast-tracking commercial deployment of long-sought technology to capture and store carbon emissions; advancement of hydrogen technology; and federal regulation of methane emissions from new and existing oil and gas wells. The industry also pledged to reduce flaring at drilling sites that has released vast quantities of harmful methane gas emissions into the air after strongly resisting regulations on methane proposed by the Obama administration.
Interior Secretary Deb Haaland on Thursday kicked off a broad review of the government’s oil and gas program that could lead to a long-term ban on leases or other steps to discourage drilling and reduce emissions. “In order to tackle the climate crisis and strengthen our nation’s economy, we must manage our lands and waters and resources, not just across fiscal years, but across generations,” she said.
The Biden administration postponed lease sales in the Gulf of Mexico and western states and suspended leasing in Alaska’s Arctic National Wildlife Refuge.
Foster_Report API. Big oil. The US is not about “big oil”. It’s about entrepreneurship and small ventures. These are globalist interests acting on other than US interests. Ignore them.
Welcome to the party!
They endorse it because it does nothing to stop them. This tax is a weak, cowardly way to let big oil continue while looking like climate action.
This CANNOT continue, nobody wants to put them out of business,but there wont be any business when we kill ourselves, they need to get on board or someone will take their place, just hydrogen and hydrogen/hybrid vehicles are within our grasp. We can do this.
In the meantime gas prices are going up, which i won't be able to afford
i guess when biden overhauled towards green energy, the oil giants had to adjust.
If they like it, it can't be good.