Biden likely to halt new fossil fuel leasing on federal lands and waters Wednesday
By Juliet Eilperin and Dino Grandoni
Biden is poised to impose a moratorium on new federal oil and gas leasing Wednesday, according to three individuals briefed on the matter who spoke on the condition of anonymity because the plan was still being finalized. The move will deliver on one of Biden’s boldest climate campaign pledges but will encounter stiff resistance from the fossil fuel industry.
The White House has prepared documents that would halt new oil and gas auctions on federal lands and waters as the new administration reviews the program, these individuals said. The moratorium would not affect existing leases, meaning that drilling would continue on public land in the West as well as in the Gulf of Mexico.
The memo remains a draft subject to final approval, said one individual close to the White House who spoke on the condition of anonymity because it had not been formally announced.