Happy Monday!
Welcome back to another week of ESC News Blog, and a New Year for those lucky to be off last week!
We have been trying to keep up
with the US Department of Interior and the rumor appears to be true in regard
to the Outer Continental Shelf and parts of it becoming off limits for future
oil and gas exploration and drilling.
Did anyone
happen to read the Oil & Gas Journal’s Daily Update Newsletter on January
6, 2025, their article titled, “White House shuts 625 million acres of federal
waters to fossil fuel leasing”? In the
article, it speaks on how the Biden Administration has taken more than 625
million acres of federal waters off the table for future oil and gas
exploration and leasing by administering a memorandum for Section 12(a) of the
Outer Continental Shelf Lands Act (OSC Lands Act). The memorandum was added to the OSC Lands Act
are more than an executive orders it will take an act of Congress to remove
this level of protection to America’s coastlines. The areas of protection are mostly areas of
little interest to the oil and gas industry, and they include 334 million acres along
the east coast coastline from Canada to the southern tip of Florida, then along
the other side of Florida's coastline in the Eastern Gulf of Mexico, then along the west
coast coastline of the US from the Washington to California where they have withdrawn
250 million acres, and lastly, they withdrew 44 million acres along the far
northwest of the Alaskan coastline. These 628 million acres along with the other closures
the administration has implemented during their tenure has now closed more than
670 million acres of the US to future oil and gas leases. Well, this administration wanted to show it believed
in slowing climate change by investing in research, its people, and limiting
future oil and gas exploration, and this was their final act of love to future
generations. If you would like to read
more of the Oil & Gas Journal’s article, please click the link: White
House shuts 625 million acres of federal water to fossil fuel leasing | Oil
& Gas Journal.
If you would
like help in looking into how to transport your product efficiently, safely, and
with less of a carbon footprint, contact us via email in the Blog and check out
our ESC website!
We hope you have a wonderful evening!
**Disclaimer: You may be charged a fee to read The Oil
and Gas Journal’s article. **