The Interior Department finalized plans to hold its next offshore oil and gas lease sale in March, one of three lease sales to be ordered by Democrats' energy and healthcare spending law passed in August.
The previously canceled Gulf of Mexico lease sale will be the first for the region since November 2021, when Interior auctioned off more than 80 million acres in the largest-ever offshore oil and gas lease sale. It comes as the administration is under pressure from environmental groups to cease leasing federal acreage to thwart climate change.Interior will make 73.
Interior held the Cook Inlet lease sale in December, while the other Gulf of Mexico lease sale must be held by the end of September. Agreeing to the provisions was a considerable concession for other members of his party to make, including President Joe Biden, where opposition against new leasing has been strong.
Biden entered the White House having pledged new restrictions on oil and gas leasing and ordered a"pause" on new leasing during his first week in office.
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