The Trump administration is advancing a plan to ease a host of Obama-era standards governing oil drilling in Arctic waters, though the proposal is unlikely to be finalized before the inauguration of President-elect Biden and the U.S. government has no current plans to sell drilling rights in the region.
- Proposed rule, which is not yet public, has been submitted to the Federal Register for possible publication as soon as Monday
- NOTE: Interior Dept.
imposed the Arctic drilling mandates in 2016, in some instances codifying stepsRoyal Dutch Shell Plc voluntarily took during its ill-fated oil exploration in the Chukchi Sea...