💨 Abstract

President Joe Biden plans to ban new offshore oil and gas development across 625 million acres of U.S. coastal territory, excluding areas in the central and western Gulf of Mexico, reported Bloomberg News. The ban, to be announced on Monday, will prevent the sale of drilling rights in the Atlantic, Pacific oceans, and the eastern Gulf of Mexico. The move aims to support Biden's goal of decarbonizing the U.S.

Courtesy: theprint.in

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