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Biden Orders Ban on Offshore Oil Drilling Across 625 Million Acres

share-iconSunday, January 05 comment-icon4 weeks ago 8 views
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bloombergBLOOMBERG
Biden Orders Ban on Offshore Oil Drilling Across 625 Million Acres

Credited from: BLOOMBERG

  • President Joe Biden is preparing to announce a significant ban on new offshore oil and gas drilling.
  • This ban will affect approximately 625 million acres of US coastal territory.
  • The policy will prohibit the sale of drilling rights in Atlantic and Pacific waters.
  • Furthermore, it will also extend to the eastern Gulf of Mexico.
  • This decision is part of Biden's broader environmental strategy to protect natural resources.

For more information, please visit the original article at Bloomberg.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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