News Formal

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

  • 📰 verge
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 67%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

ExxonMobil was expected to store CO2 in the seafloor.

Photo DigitalGlobe via Getty Images via Getty Images

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 94. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: Reuters - 🏆 2. / 97 Read more »