Biden plans on limiting oil drilling in US federal states

On Wednesday, US President Joe Biden plans to announce the preparatory steps towards a ban on drilling new oil and gas wells on the US federal lands, Interfax reports.

According to two The New York Times’ sources, Biden will issue a decree on Monday instructing federal agencies to define the extent and breadth of the limits.

During the campaign, Biden promised to step up the fight against climate change. The drilling ban is one step in this direction. His administration has already temporarily suspended the issuance of permits for oil and gas production on federal lands.

According to the newspaper, on Wednesday, Biden will also issue decrees directing the government to secure 30% of federal lands and water resources by 2030, create a task force to develop a plan to reduce greenhouse gas emissions and make climate change a national security priority.

About 25% of US oil is produced on federal lands.

To recap, Biden vows to replace U.S. government fleet with electric vehicles.

Tags: gas, oil, hydrocarbon production, legislation, USA, drilling, well, Biden

Read also

Largest oil field discovered in Kazakhstan in 30 years
Ukrnafta reduced oil and condensate production in January
Oil prices go down, but end with growth for the fourth month in a row