US to cancel Alaska oil, gas leases issued in a federal wildlife refuge under Trump

<p>Info comes via Reuters reporting on a decision by the US Interior Department.</p><p>said it would cancel oil and gas leases in a federal wildlife refuge that were bought by an Alaska state development agency in the final days of former President Donald Trump's administration
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Trump's Republican administration issued the Alaska Industrial Development and Export Authority (AIDEA) seven leases in the Arctic National Wildlife Refuge a day before the inauguration of President Joe Biden</p><p> Interior also said it would protect 13 million acres in the National Petroleum Reserve in Alaska, a 23 million-acre area on the state's North Slope that is the largest undisturbed public land in the United States. The agency would prohibit new leasing on more than 10 million acres, or more than 40% of the reserve.</p><p><a href="https://www.reuters.com/world/us/biden-administration-announce-cancellation-alaska-wildlife-drilling-leases-2023-09-06/" target="_blank" rel="nofollow">Here is the link for more info. </a></p>

This article was written by Eamonn Sheridan at www.forexlive.com.