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Jan. 27, 2021 by Hannah Wiseman

Fossil Fuels and Public Lands: The Benefits of a Biden Lease Moratorium

When President Trump took office in 2017, the Department of the Interior quickly moved to lease nearly all offshore lands for oil and gas development. The map was astounding; for decades, there had been relatively limited drilling in offshore waters, and many state officials and advocates were shocked to see a proposal for such extensive leasing of offshore federal lands. Indeed, notoriously conservative Rick Scott of Florida entered into a handshake deal with former Interior Secretary Ryan Zinke to avoid drilling near the state. Trump's Interior Department also attempted to lease vast swaths of onshore public lands for fossil fuel development.

President Biden has predictably followed a different approach, announcing his intent to place a moratorium on oil and gas leasing on federal onshore and offshore lands. This is a sensible solution.

The United States is already working to transition to more low-carbon energy production, and oil and gas prices remain low — largely because of large amounts of U.S. oil and gas production from private lands. Indeed, fewer new wells are being drilled, even on private lands, because the prices producers can command on the market don't justify drilling and fracking large numbers of new wells. A non-trivial number …

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Jan. 27, 2021

Fossil Fuels and Public Lands: The Benefits of a Biden Lease Moratorium