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President Biden Cancels Permits for Oil and Gas Fields in Alaska’s Arctic Region

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The Biden Administration Cancels Permits for Oil and Gas Development in the Arctic

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Introduction

The administration of US President Joe Biden has decided to cancel permits to develop oil and gas fields in the Arctic region located in Alaska, which were issued by former President Donald Trump at the end of his term.

Biden’s Climate Crisis Concern

President Biden withdrew permits to develop energy deposits in Alaska’s Arctic National Wildlife Refuge and expressed concern about the climate crisis. He stated, “Because of the climate crisis, the temperature in the Arctic is rising twice as fast as the rest of the world, and we are responsible for it.” Biden emphasized the need to protect this priceless region.

Revoked Permits

US Secretary of the Interior Debra Holan announced that the Biden administration has revoked seven permits issued by the Trump administration. These permits were previously suspended in 2021. This decision comes as a part of the Biden administration’s efforts to address environmental concerns.

Restrictions on Development and Investment

According to sources, President Biden intends to impose restrictions on the development and investment of oil and gas fields in the Arctic Ocean and Alaska. The restrictions will include prohibiting oil and gas drilling on 1.2 million hectares of the Arctic Ocean within the territorial waters of the United States. Additionally, Biden plans to ban investment and development of oil and gas fields in Alaska, covering an area of 5.3 million hectares.

Conclusion

The Biden administration’s decision to cancel permits for oil and gas development in the Arctic reflects their commitment to addressing the climate crisis. By protecting this environmentally sensitive region, they aim to mitigate the impacts of global warming. Source: Interfax

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