The Biden administration was forced to offer up 2,600 square miles of federal oil and gas leases in the Gulf of Mexico this week, following a deal made by Sen. Joe Manchin in exchange for his support of the left’s climate legislation last summer.
The Biden administration was forced to offer up 2,600 square miles of federal oil and gas leases in the Gulf of Mexico this week, following a deal made by West Virginia Sen. Joe Manchin in exchange for his support of the left’s climate legislation last summer.
Major oil companies have offered bids on more than 2,600 square miles of federal oil and gas leases in the Gulf of Mexico in a sale mandated by the. Wednesday’s auction was the first in over a year and was expected to draw interest from major companies, such as ExxonMobil and Chevron. The Department of Interior’s sale of the leases evidently came two days before a deadline set by the Democrats’ climate bill last year. The Associated Pressthat the specific measure in the bill prohibited leasing public lands for renewable power unless tens of millions of acres were first offered for fossil fuels — which was a major concession by the left and a major deal for Manchin.of the fossil fuels industry.
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