White House ‘Playing Politics’ Arctic Drilling Ban -AEC

December 20, 2016

The Obama Administration announced that it will ban offshore oil and gas development throughout much of the U.S. Arctic. Under the authority of a provision in a 1953 law, the decision designates "the bulk of the Arctic” indefinitely off limits.

Commenting, Lucas Frances, spokesperson for the Arctic Energy Center, said, “This is a deeply frustrating development and one that will mean a bleak economic future for Alaska. After the White House cited a lack of industry interest in the Arctic for removing the region from the offshore leasing program, we then saw lease sales in the Beaufort Sea and North Slope which generated $18 million in revenue.
Lucas Frances, (Photo: Arctic Energy Center)
Lucas Frances, (Photo: Arctic Energy Center)
“The Arctic Energy Center’s research has shown that a significant majority of Native and Alaskan people support offshore energy development in the Arctic, in a large measure because of the essential role the industry plays n the region’s economy. By designating Arctic waters off limits for energy development, the President has prioritized environmental concerns over the well-being of the American people.”

Related News

Siem Offshore Rebrands as Sea1 Offshore Following Chairman Exit Salvors Set to Blast Collapsed Baltimore to Pieces Cyan Renewables, Hyundai to Set Up Offshore Wind Vessel Suply Chain in South Korea Cadeler Secures Up to $140M in Vessel Agreements with Equinor and Polenergia Houthi Leader Vows to Escalate Attacks on Merchant Shipping