Despite claims from Wyoming politicians that the Biden administration is “at war with American energy,” a new analysis by the Center for Western Priorities finds that in 2023, oil and gas companies didn’t bother to bid on nearly half of the acres of public land the Biden administration offered for drilling in Wyoming.
Under the Inflation Reduction Act, the Interior Department has now held three oil and gas lease sales in Wyoming. The auctions offered up nearly 230,000 acres of national public land and brought in more than $30 million in revenue. Yet the analysis reveals that oil and gas companies had tepid interest in almost all of the land the industry itself nominated for leasing and that nearly all of the revenue from the auctions came from a miniscule portion of the acres offered. The 2023 lease sales suggest that the oil industry has already leased the vast majority of public land in Wyoming that is ever likely to produce oil, and very little unleased land in the state is of serious interest to oil and gas companies.
With nearly eight million acres already under lease, oil and gas companies nominated less than 140,000 new acres for leasing this year. And as the auction results show, only a tiny sliver of that is land that’s valuable enough for drillers to spend real money to lease.
Interior Department announces new actions for nature-based solutions
The Department of the Interior announced new steps to use nature-based solutions in its efforts to tackle the climate crisis, including the launch of a new tool to make these strategies more accessible to the public. Nature-based solutions use or mimic natural features or processes to tackle both social and environmental challenges. These solutions can include green infrastructure, natural infrastructure, and natural climate solutions.
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