Quantcast
Environmental News for a Healthier Planet and Life

ANWR Oil Lease Sale Is a Fail for Trump Admin

Energy
ANWR Oil Lease Sale Is a Fail for Trump Admin
No major oil company offered a valid bid on the land leases. Pat Gaines / Getty Images

The oil industry responded to the controversial and last-minute sale of oil leases in the Arctic National Wildlife Refuge with a collective 'meh' on Wednesday.


The federal government received bids on just 11 of the 22 leasing tracts on offer, and nine of those were purchased at the legal minimum price of $25 per acre by an Alaska state-owned corporation with hopes to sublet the tracts to other oil companies in the future.

No major or even mid-size oil companies entered valid bids.

The ANWR lease sales are mandated as part of the GOP plan to pay for its 2017 tax cuts based on expectations that the sales and oil extraction would net the Treasury $1.8 billion over 10 years; Wednesday's lease sale raised $14.4 million.

Under mounting pressure from climate advocates, the six biggest American banks and five biggest Canadian banks have all pledged not to finance drilling in the refuge. President-elect Joe Biden has pledged to prevent oil drilling in the refuge.

"This lease sale was an epic failure for the Trump administration and the Alaska congressional delegation," Adam Kolton, executive director of the Alaska Wilderness League, said in a statement.

"After years of promising a revenue and jobs bonanza they ended up throwing a party for themselves."

For a deeper dive:

Washington Post, Anchorage Daily News, High North News, Wall Street Journal, E&E, InsideClimate News, Bloomberg, NPR, FT, Reuters, New York Times, BBC, The Guardian, The Hill, AP, E&E

For more climate change and clean energy news, you can follow Climate Nexus on Twitter and Facebook, sign up for daily Hot News, and visit their news site, Nexus Media News.

Pexels

By Jessica Corbett

A new study is shedding light on just how much ice could be lost around Antarctica if the international community fails to urgently rein in planet-heating emissions, bolstering arguments for bolder climate policies.

The study, published Thursday in the journal Geophysical Research Letters, found that over a third of the area of all Antarctic ice shelves — including 67% of area on the Antarctic Peninsula — could be at risk of collapsing if global temperatures soar to 4°C above pre-industrial levels.

Read More Show Less
EcoWatch Daily Newsletter
Valley of the Gods in the heart of Bears Ears National Monument. Mint Images / Getty Images

By Sharon Buccino

This week, Secretary Haaland chose a visit to Bears Ears National Monument as her first trip as Interior Secretary. She is spending three days in Bluff, Utah, a small town just outside the monument, listening to representatives of the five tribes who first proposed its designation to President Obama in 2015. This is the same town where former Secretary Sally Jewell spent several hours at a public hearing in July 2016 before recommending the monument's designation to President Obama.

Read More Show Less
Trending
Pexels

By Anthony Richardson, Chhaya Chaudhary, David Schoeman, and Mark John Costello

The tropical water at the equator is renowned for having the richest diversity of marine life on Earth, with vibrant coral reefs and large aggregations of tunas, sea turtles, manta rays and whale sharks. The number of marine species naturally tapers off as you head towards the poles.

Read More Show Less
"Secrets of the Whales" is a new series that will start streaming on Disney+ on Earth Day. Disney+

In celebration of Earth Day, a star-studded cast is giving fans a rare glimpse into the secret lives of some of the planet's most majestic animals: whales. In "Secrets of the Whales," a four-part documentary series by renowned National Geographic Photographer and Explorer Brian Skerry and Executive Producer James Cameron, viewers plunge deep into the lives and worlds of five different whale species.

Read More Show Less
Spring is an excellent time to begin bird watching in earnest. Eugenio Marongiu / Cultura / Getty Images

The coronavirus has isolated many of us in our homes this year. We've been forced to slow down a little, maybe looking out our windows, becoming more in tune with the rhythms of our yards. Perhaps we've begun to notice more, like the birds hopping around in the bushes out back, wondering (maybe for the first time) what they are.

Read More Show Less