Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

U.S. Interior must weigh climate impacts of oil, gas leasing -settlement

Commodities Jun 02, 2022 01:45PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: A piece of land that has a federal drilling lease issued for oil and gas development is seen in Mecosta County, Michigan, U.S., March 20, 2021. REUTERS/Emily Elconin/File Photo
 
CL
-0.55%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Valerie Volcovici

WASHINGTON (Reuters) - The Biden administration must thoroughly analyze the climate impacts of oil and gas leasing on nearly 4 million acres (1.6 million hectares) of federal land in five states before drilling can take place, according to legal settlements reached late Wednesday.

The requirement comes after Judge Rudolph Contreras of the U.S. District Court for the District of Columbia denied industry groups' motion to dismiss three previous settlements from lawsuits brought by western U.S. conservation groups against the Interior Department's Bureau of Land Management.

"These settlements represent a fundamental opportunity for the Biden administration to align federal action with this climate reality and to keep its promise to present and future generations,” said Kyle Tisdel, senior attorney for the Western Environmental Law Center - one of plaintiffs.

The settlements come six years after groups including WELC and WildEarth Guardians jointly launched lawsuits challenging the sale of millions of acres of public lands for drilling in Colorado, Montana, New Mexico, Utah, and Wyoming.

In March 2019, Contreras blocked the drilling permits and required Interior to conduct a deeper environmental analysis that weighed the greenhouse gas emissions associated with drilling. This week, he upheld the requirement after a challenge by industry groups.

The settlement now puts pressure on the Biden administration to conduct a stringent environmental review of the leases at a time that president has been under heavy criticism from his voter base for backsliding on his campaign trail climate promises, such as ending new oil and gas drilling on federal land.

More than a year into his presidency, President Joe Biden has been grappling with rampant inflation and a war in Europe, prioritizing energy security by unleashing record amounts of crude oil from strategic reserves and urging drillers to pump harder to keep up with demand.

Meanwhile, the multi-billion dollar climate change legislation he championed has died in Congress amid opposition from conservative Democratic Senator Joe Manchin and Republicans.

U.S. Interior must weigh climate impacts of oil, gas leasing -settlement
 

Related Articles

Oil up near $90 as OPEC+ considers output cut
Oil up near $90 as OPEC+ considers output cut By Reuters - Sep 29, 2022 2

By Shariq Khan NEW YORK (Reuters) -Oil prices rose on Thursday for a second day, briefly touching $90 per barrel as leading OPEC+ members were discussing an output cut next week,...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (3)
John Miller
John Miller Jun 02, 2022 6:41PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Wht isn't the country's survival important?
Connor Murphy
Connor Murphy Jun 02, 2022 3:03PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
DC district judge wants to be a legislator. Go figure. Is this even newsworthy? The ruling is just going to get appealed.
Small Trader
Small Trader Jun 02, 2022 1:58PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
another activist D.C.. judge making law.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email