President Joe Biden is planning to ban the development of offshore oil and gas across 625 million acres of United States coastal waters in the Atlantic, Pacific and eastern Gulf of Mexico.
The move is an effort to provide permanent protection of U.S. coastal waters and the communities that rely on them from oil and gas drilling and the risk of damaging oil spills, reported Bloomberg.
Meanwhile, Biden is leaving open the option of new oil and gas leases in western and central parts of the Gulf that provide roughly 14 percent of the country’s output, according to those familiar with the matter.
“As the climate crisis continues to threaten communities across the country and we are transitioning to a clean energy economy, now is the time to protect these coasts for our children and grandchildren,” Biden said in a statement, as The Guardian reported. “In balancing the many uses and benefits of America’s ocean, it is clear to …