The Biden Department of Interior has paused oil and gas leasing and permitting on federal lands for 60 days as part of an effort to review the program’s policy ramifications, according to an agency memo obtained by Reuters.
Reuters reporter Nichola Groom notes:
The order was welcomed by environmentalists and derided by the oil and gas industry, whose largest onshore drilling companies have stockpiled permits here in anticipation of a change in federal policy. U.S. federal lands and waters account for close to 25% of the nation’s crude oil output.
The move comes after a newly-sworn-in Biden signed executive orders aimed at combating climate change, including placing the U.S. back into the Paris accord and pausing oil leasing in the Arctic National Wildlife Refuge.
Additionally, Biden has canceled the highly lucrative Keystone XL pipeline and ordered agencies to review over 100 other environment directives by the Trump administration.
This story is developing. Check Breitbart News for updates.