US President Biden signed
the
Inflation Reduction Act
into law on Tuesday. He overrules the necessity for an environmental review.
Biden also revived the
largest oil and gas lease sale
in American history. Democratic politicians and environmental organizations oppose it.
To
encourage the production of fossil fuels
on federal land and
water, The Department of the Interior has to take some actions.
In the
Gulf of Mexico, offshore oil and gas sale covers 80.8 million acres.
Biden renewed Lease Auction 257 by signing the Inflation Reduction Act.
A federal court prohibited the oil and gas lease sale was worth more than $191 million.
Biden will challenge the ruling in federal court.
Biden will challenge the ruling in federal court.
A federal appeals panel heard the case. API Senior Vice President of Policy and Regulatory Affairs said
it is a positive step.
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