RE: RNS22 Jan 2021 00:20
Unfortunately for Trump’s actions that granted hundreds of thousands of acres for drilling, leaseholders would still need to get permits from the Biden Administration before they can drill.
And it would appear from today’s statement that those leases are unlikely to come.
But this fight between Presidents holds mostly symbolic meaning, rather than practical meaning for the oil industry.
The three leaseholders, who won the rights in a recent—and unimpressive—auction, are the Alaska Industrial Development and Export Authority and two smaller companies, Knik Arm Services LLC and Regenerate Alaska Inc.