Rescinding 2024 Leasing Rule in Alaska's National Petroleum Reserve
Sector: Oil and Gas • Location: Alaska, United States
Source: KTUL
The U.S. Department of Interior has rescinded a 2024 rule that limited the leasing of oil and gas in the National Petroleum Reserve in Alaska. The rule, enacted under the Biden administration, restricted leasing on 13 million acres. The Bureau of Land Management will now manage the reserve under new 2025 regulations as part of a broader effort to modernize resource policy in Alaska, aiming to unlo
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Description
Description | The U.S. Department of Interior has rescinded a 2024 rule that limited the leasing of oil and gas in the National Petroleum Reserve in Alaska. The rule, enacted under the Biden administration, restricted leasing on 13 million acres. The Bureau of Land Management will now manage the reserve under new 2025 regulations as part of a broader effort to modernize resource policy in Alaska, aiming to unlock energy potential, create jobs, and strengthen energy security. |
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