Biden, in 11th hour action, bans new offshore oil, gas drilling in most federal waters https://www.taxtmi.com/news?id=29559 Presidential use of the Outer Continental Shelf Lands Act withdraws specified federal offshore areas from future oil and gas leasing-covering most East and West coasts, parts of the eastern Gulf and Alaska's Northern Bering Sea-thereby protecting these waters from new lease offerings while leaving existing drilling areas intact and creating a withdrawal that likely requires congressional action to repeal. en-us Mon, 06 Jan 2025 16:01:05 +0530 Mon, 06 Jan 2025 16:01:05 +0530 TaxTMI RSS Generator Biden, in 11th hour action, bans new offshore oil, gas drilling in most federal waters https://www.taxtmi.com/news?id=29559 Presidential use of the Outer Continental Shelf Lands Act withdraws specified federal offshore areas from future oil and gas leasing-covering most East and West coasts, parts of the eastern Gulf and Alaska's Northern Bering Sea-thereby protecting these waters from new lease offerings while leaving existing drilling areas intact and creating a withdrawal that likely requires congressional action to repeal. News - Mon, 06 Jan 2025 16:01:05 +0530 https://www.taxtmi.com/news?id=29559