PWC News
Saturday, August 8, 2026
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

Biden Bans New Offshore Drilling Across 625 Million Acres of U.S. Oceans – ESG Today

Home ESG Business
Share on FacebookShare on Twitter


U.S. President Biden Joe Biden introduced right this moment the issuance of recent Presidential Memoranda geared toward completely defending coastal areas from offshore drilling by prohibiting future oil and pure fuel leasing throughout greater than 625 million acres of the U.S. ocean.

Areas coated by the brand new leasing bans embrace total jap U.S. Atlantic coast and the Jap Gulf of Mexico, the Pacific Coast alongside California, Oregon, and Washington, and parts of the Northern Bering Sea in Alaska.

The transfer comes solely weeks earlier than President-elect Donald Trump, who has pledged to “drill, child, drill” is about to take workplace. In a press release blasting the Biden administration’s transfer, Karoline Leavitt, chosen by Trump as incoming White Home Press Secretary, stated:

“It is a disgraceful determination designed to actual political revenge on the American individuals who gave President Trump a mandate to extend drilling and decrease fuel costs. Relaxation assured, Joe Biden will fail, and we’ll drill, child, drill.”

In keeping with a White Home assertion, the brand new orders “construct upon the Biden-Harris Administration’s bold local weather agenda.” President Biden has made local weather motion a key focus of his administration, with excessive profile initiatives together with returning the U.S. to the Paris Settlement on his first day in workplace – after President Trump formally withdrew from the settlement in 2020. The administration’s key local weather achievements embrace the passage of the landmark Inflation Discount Act (IRA) and Bipartisan Infrastructure Legislation (BIL), which mix to incorporate allocations of almost $500 billion to climate-focused investments in areas together with carbon-free power, manufacturing and clear applied sciences.

Extra just lately, within the weeks following the 2024 election, the Biden administration introduced a brand new purpose to scale back U.S. greenhouse fuel emissions by 61% – 66% by 2035, on a 2005 foundation, expressing confidence the U.S.’ potential to attain the brand new purpose, even within the absence of a local weather focus by the federal authorities, pushed by investments put in place over the previous 4 years, and motion on the state, native and personal stage.

A press release issued by President Biden saying the brand new orders expressed bipartisan help for the ban on new offshore drilling, citing “Republican and Democratic Governors, Members of Congress, and coastal communities alike” that “known as for larger safety of our ocean and coastlines from harms that offshore oil and pure fuel drilling can carry.” Biden added that “the comparatively minimal fossil gas potential within the areas I’m withdrawing don’t justify the environmental, public well being, and financial dangers that may come from new leasing and drilling.”

Biden added:

“We don’t want to decide on between defending the atmosphere and rising our financial system, or between preserving our ocean wholesome, our coastlines resilient, and the meals they produce safe and preserving power costs low. These are false selections. Defending America’s coasts and ocean is the fitting factor to do, and can assist communities and the financial system to flourish for generations to return.”



Source link

Tags: AcresbansBidendrillingESGMillionOceansoffshoreTodayU.S
Previous Post

Biden bans US offshore oil and gas drilling ahead of Trump’s return

Next Post

Pudgy Penguins’ PENGU token soars 26%, flips OP in market cap

Related Posts

Ore Energy Raises  Million for Multi-Day Storage Solution Made from Iron, Water and Air – ESG Today
ESG Business

Ore Energy Raises $43 Million for Multi-Day Storage Solution Made from Iron, Water and Air – ESG Today

August 7, 2026
EcoVadis Certification UK: What It Is and How to Get a Gold Rating – ESG and Sustainability Consultants – UK Coverage – ESG PRO.
ESG Business

EcoVadis Certification UK: What It Is and How to Get a Gold Rating – ESG and Sustainability Consultants – UK Coverage – ESG PRO.

August 5, 2026
Mombak Delivers First Amazon Reforestation Carbon Credits to Google, McKinsey 2 Years Early – ESG Today
ESG Business

Mombak Delivers First Amazon Reforestation Carbon Credits to Google, McKinsey 2 Years Early – ESG Today

August 5, 2026
Japanese membrane maker targets desalination costs as Europe’s drought deepens – JStories
ESG Business

Japanese membrane maker targets desalination costs as Europe’s drought deepens – JStories

August 6, 2026
Sonnedix Secures €730 Million to Develop Renewables Portfolio in Southern Europe – ESG Today
ESG Business

Sonnedix Secures €730 Million to Develop Renewables Portfolio in Southern Europe – ESG Today

August 4, 2026
Bain Appoints Matteo Capellini as Global Head of Sustainability Value Creation Solution – ESG Today
ESG Business

Bain Appoints Matteo Capellini as Global Head of Sustainability Value Creation Solution – ESG Today

August 3, 2026
Next Post
Pudgy Penguins’ PENGU token soars 26%, flips OP in market cap

Pudgy Penguins' PENGU token soars 26%, flips OP in market cap

New ETFs that combine bitcoin exposure and options are coming in 2025

New ETFs that combine bitcoin exposure and options are coming in 2025

High Interest Rates are Healthy, Low Rates are Poison | Investing.com

High Interest Rates are Healthy, Low Rates are Poison | Investing.com

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Snowflake Summit 2026: The Race Has Shifted From Building AI To Operating It
Market Analysis

Snowflake Summit 2026: The Race Has Shifted From Building AI To Operating It

by PWC
August 8, 2026
0

The largest takeaway from Snowflake Summit 2026 wasn’t one other AI announcement; it was a elementary shift in what enterprises...

Sri Lanka 2026 summit to connect investors and policymakers | EconomyNext

Sri Lanka 2026 summit to connect investors and policymakers | EconomyNext

August 3, 2026
‘Absolutely too late’ for Trump to change minds before November

‘Absolutely too late’ for Trump to change minds before November

August 5, 2026
After the upsets, Wix beats analysts on revenue and earnings

After the upsets, Wix beats analysts on revenue and earnings

August 4, 2026
Harding Loevner Global Developed Markets Equity Q2 2026 Commentary

Harding Loevner Global Developed Markets Equity Q2 2026 Commentary

August 6, 2026
How I Nailed a 567% Single-Day Spike

How I Nailed a 567% Single-Day Spike

August 6, 2026
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.