Biden Enacts Historic Ban on Fossil Fuel Drilling in 625 Million Acres of U.S. Waters - PRESS AI WORLD
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Biden Enacts Historic Ban on Fossil Fuel Drilling in 625 Million Acres of U.S. Waters

share-iconMonday, January 06 comment-icon2 weeks ago 6 views
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huffpostHUFFPOST
Biden Enacts Historic Ban on Fossil Fuel Drilling in 625 Million Acres of U.S. Waters

Credited from: HUFFPOST

  • President Biden has **permanently banned oil and gas drilling** across **625 million acres** of federal waters, marking the largest withdrawal in U.S. history.
  • The ban aims to protect coastal waters along the **Atlantic and Pacific coasts**, as well as parts of the Gulf of Mexico and the Northern Bering Sea.
  • Biden highlighted the risks of offshore drilling, referencing the **2010 Deepwater Horizon oil spill** as a cautionary example of potential ecological damage.
  • The ban is facilitated through the **Outer Continental Shelf Lands Act**, enabling presidents to restrict drilling, but it lacks provisions for potential reversal.
  • Environmental groups welcomed the decision, while industry representatives criticized it as a politically motivated strike against energy development.

For more information, visit the original article at HuffPost.

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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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