Biden issues broad moratorium on oil, gas leases on federal lands, waters

摘要

President Joe Biden implemented a moratorium on new oil and gas leases on federal lands and waters through an executive order Jan. 27 that is expected to have a longer-term impact on US production. The moratorium represents a pause on new oil and gas leasing “to the extent possible,” and initiates a new review of existing fossil fuel leasing and permitting practices.