Cook Inlet oil and gas sale gets final environmental review

Cook Inlet oil and gas sale gets final environmental review

Cook Inlet oil and gas sale gets final environmental review HEAD TOPICS

Cook Inlet oil and gas sale gets final environmental review

10/22/2022 4:30:00 AM

The Cook Inlet oil and gas lease auction has been scheduled for the day of Congress s deadline to post a date — Dec 31 2022

Source

Alaska Public Media News

The federal government has to hold the Cook Inlet lease sale, no matter what — though industry interest is anything but guaranteed. The Cook Inlet oil and gas lease auction has been scheduled for the day of Congress s deadline to post a date — Dec 31 2022 by the end of the year. The requirement was added into the 2022 Inflation Reduction Act — largely celebrated by environmentalists for its investments in renewable energy — by Sen. Lisa Murkowski and West Virginia Democrat Sen. Joe Manchin, a Murkowski spokesperson said in August. It’s the first time Congress has required a lease sale in Alaska by law. Previous proposed sales in Cook Inlet have always had the caveat that they could be canceled for lack of industry interest. That’s what happened last May and three other times in the last decade. Read more:
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