This administration has granted more permits to drill than the Trump White House had at the same stage
Save time by listening to our audio articles as you multitaskThe Biden administration’s expected approval of Willow may indeed seem contradictory for a president who pledged to ban new oil and gas development on public lands. But
and petrol-price shocks at home have revived a slogan usually associated with Republicans: drill, baby, drill.has granted slightly more permits to drill oil and gas wells in the first half of Mr Biden’s presidency than in the first two years of Donald Trump’s term. The difference is marginal: Mr Biden approved roughly 6,500 permits to Mr Trump’s 6,300, according to an analysis ofrecords. And Mr Trump’s permit approvals in the second half of his term numbered 9,800.
But the number of permits issued is just one measure of a president’s domestic energy strategy. A more comprehensive look at Mr Biden’s leasing policies suggests that the permitting bonanza is more of a hangover from the Trump administration’s devotion to hydrocarbons than an intentional policy change. A standard lease to start drilling on public land is ten years. It is common for companies to wait to apply for a permit, which allows them to start drilling, towards the end of a lease.
The Inflation Reduction Act , Mr Biden’s signature climate law, also offers mixed messages on the future of fossil-fuel production in America. Thefrom leasing public land for renewables unless it also offers leases for oil and gas development. Aaron Weiss, the deputy director of the Centre for Western Priorities, which tracks drilling on public lands, says the trade-off was “Joe Manchin’s cost of entry”.
Alaska’s politicians cheered Willow’s advancement. The project is expected to bring in at least $8bn in tax revenue and 2,500 construction jobs. Therecommends that the Biden administration approve a limited version of the project that avoids drilling near sensitive wetlands and caribou habitats. This is the sort of unsatisfying compromise that may become more common as Mr Biden tries to tackle domestic energy security, increased foreign demand and conservation all at once.
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