Biden Poised to Freeze Oil and Coal Leasing on Federal Land (1)

President Joe Biden is poised to suspend the sale of oil and gas leases on federal land, which accounts for about 10% of U.S. supplies, according to four people familiar with the matter.

The moratorium, which would also freeze coal leasing, is set to be unveiled along with a raft of other climate policies next week, according to the people, who asked for anonymity to discuss plans not yet public.

The move would block the sale of new mining and drilling rights across some 700 million acres (2.8 million hectares) of federal land. It could also block offshore oil and ...