Biden will suspend review of the federal government’s new oil and gas lease
WASHINGTON – President Biden plans to end the new federal oil and gas leasing on Wednesday, people familiar with the matter said, setting up a confrontation with the oil industry over the future of US energy.
Biden’s government has been drafting a moratorium order while it is conducting a review of the federal oil and gas leasing program, which may be a first step towards its election promise to end future leases. The ordinance is expected to be included in a government package of measures to reduce greenhouse gas emissions and promote land protection.
As a candidate, Mr. Biden had said he would push the country to “transition away from …