ABSTRACT

Offshore Oil and Gas: Leasing 'Pause,' Federal Leasing Review, and Current Issues [Updated April 29, 2022]   [open pdf - 684KB]

From the Document: "Offshore oil and gas leasing has been affected by executive branch actions pertaining to energy leasing on all federal lands. On January 27, 2021, President Joe Biden issued Executive Order (E.O.) 14008, directing multiple actions to address climate change. Section 208 of the order directed the Secretary of the Interior to 'pause new oil and natural gas leases on public lands or in offshore waters pending completion of a comprehensive review and reconsideration of Federal oil and gas permitting and leasing practices,' to the extent that such actions were 'consistent with applicable law.' The E.O. directed that the review evaluate 'potential climate and other impacts' associated with oil and gas leasing, as well as whether to adjust royalties paid to the federal government from onshore and offshore oil and gas production to account for 'climate costs."

Report Number:
CRS In Focus, IF11909
Author:
Publisher:
Date:
2022-04-29
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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