Biden Leasing Freeze Signals Big Risks for Gas Producers

摘要

President Joe Biden's administration has frozen new gas and oil leasing and permitting on federal lands and waters for 60 days,foreshadowing risks for certain gas-producing regions if permanent restrictions ultimately go into force.The Jan.20 order,signed by acting Interior Secretary Scott de la Vega,halts"any onshore or offshore fossil fuel authorization,"including new leases,lease revisions,extensions,or permits to drill.The order does not affect existing operations under current leases or permits.The order is viewed as a first step toward implementing Biden's campaign promise to ban new oil and gas leasing and permitting within federal areas.