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Friday, April 19, 2024

Biden administration restricts oil and gas leasing in 13 million acres of Alaska's petroleum reserve

The Biden administration said Friday it will restrict new oil and gas leasing on 13 million acres (5.3 million hectares) of a federal petroleum reserve in Alaska to help protect wildlife such as caribou and polar bears as the Arctic continues to warm. 

The decision — part of an ongoing, yearslong fight over whether and how to develop the vast oil resources in the state — finalizes protections first proposed last year as the Biden administration prepared to approve the controversial Willow oil project.