"Biden to Ban More Offshore Oil Drilling Before Trump Arrives"

"President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some US coastal waters, locking in difficult-to-revoke protections during his final weeks in the White House.

Biden is set within days to issue the executive order barring the sale of new drilling rights in portions of the country’s outer continental shelf, according to people familiar with the effort who asked not to be named because the decision isn’t public.

The move is certain to complicate President-elect Donald Trump’s ambitions to drive more domestic energy production. Unlike other executive actions that can be easily undone, Biden’s planned declaration is rooted in a 72-year-old law that gives the White House wide discretion to permanently protect US waters from oil and gas leasing without explicitly empowering presidents to revoke the designations.

The move responds to pressure from congressional Democrats and environmental groups who have lobbied Biden to “maximize permanent protections” against offshore drilling, arguing the action is essential to safeguard vulnerable coastal communities, protect marine ecosystems from oil spills and fight climate change."

Jennifer A. Dlouhy reports for Bloomberg News January 2, 2025. 

Source: Bloomberg, 01/03/2025