03/18/2022

Biden Administration to Resume Plans for Federal Oil and Gas Development

This is a reversal of its plans from a month ago

The Biden administration on Friday said it would resume plans for oil and gas development on federal lands following a court ruling this week that temporarily restored a measure meant to factor the cost of global warming into federal decision-making.

The announcement comes a month after the Interior Department said it would delay upcoming federal oil and gas lease sales because a Louisiana federal court judge blocked the administration from using its "social cost of carbon" value to factor the risks of climate change into decisions on permitting, investment and regulatory issues.

Earlier this week, a federal appeals court allowed the government to continue, temporarily, using the value.

Please select this link to read the complete article from Reuters.