Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolios

US Deputy Interior Secretary Tommy Beaudreau to step down

Published 10/04/2023, 05:57 PM
Updated 10/05/2023, 12:15 PM
© Reuters.
COP
-

By Kanishka Singh

WASHINGTON (Reuters) - U.S. Deputy Interior Secretary Tommy Beaudreau is stepping down from his role at the end of October, the Interior Department said in a statement on Wednesday, without giving a reason for his departure or saying how the vacancy would be filled.

The Washington Post reported earlier Beaudreau was leaving after two years in the number two spot and a total of 10 years at the agency to spend more time with family.

Earlier this year, Beaudreau signed the final approval for a scaled-back version of ConocoPhillips (NYSE:COP)' $7 billion Willow project to drill for oil and gas in Alaska, drawing cheers from the oil industry and criticism from environmental activists.

Beaudreau previously oversaw energy development programs at Interior during the administration of former President Barack Obama. He was the first person to lead the Bureau of Ocean Energy Management, which oversees offshore oil and gas activity.

Various environmental groups and progressive U.S. Senator Bernie Sanders have criticized Beaudreau for being close to the fossil fuel industry, which they felt undermined his ability to tackle the issue of climate change.

When he used to be a partner in law firm Latham & Watkins, he represented numerous coal mining, oil and gas, pipeline development and mining companies, including TotalEnergies (EPA:TTEF) and BHP Group (NYSE:BHP).

U.S. Interior Secretary Deb Haaland on Wednesday described Beaudreau as a valued counselor and friend, and said "his legacy will continue" at the department.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.