The Biden administration announced a five-year plan Friday that prevents new offshore oil drilling projects in the Atlantic and Pacific oceans.
The proposed plan will give the administration the ability to hold no new lease sales at all, according to the Interior Department. The plan could allow a maximum of 11 oil lease sales for offshore drilling, ten in the Gulf of Mexico and one in the Cook Inlet off of the south-central Alaska coast over the course of the next five years.
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