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Trump administration to seek bids on Arctic oil leases

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The Trump administration on Monday invited oil companies to choose proposed drilling territories as it pushes ahead with a controversial Alaska leasing plan in its final days in office.

[NEW YORK] The Trump administration on Monday invited oil companies to choose proposed drilling territories as it pushes ahead with a controversial Alaska leasing plan in its final days in office.

The Bureau of Land Management said it will on Tuesday officially open a 30-day period to accept nominations and comment on some 650,000 hectares in the Arctic National Wildlife Refuge.

The move aims to open up to development a target area long sought by petroleum interests and defended by environmentalists. Some major banks have said they won't finance projects in the refuge.

President-elect Joe Biden is scheduled to take office on January 20, 2021 after defeating Mr Trump earlier this month.

Tuesday's announcement in the Federal Register creating the official comment period will be followed by a subsequent Federal Register notice announcing the lease sale date "published at least 30 days prior to the sale date," BLM said.

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"Receiving input from industry on which tracts to make available for leasing is vital in conducting a successful lease sale," said BLM Alaska State Director Chad Padgett.

Environmentalists have long fought the plan and filed a lawsuit in US court in August contesting the Trump administration proposal on the basis that it would irreparably harm a place of pristine wildlife that is home to migrating caribou and polar bears.

AFP

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