Biden said he would stop drilling. Then reality hit

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🗞️ Driving the news:  Acknowledging climate change's significant impact, President Biden pledged to halt oil and gas drilling on public lands and federal waters
• However, this commitment has wavered due to executive limitations, congressional influence, and legal frameworks, exemplified by the ongoing struggle over Lease 261 in the Gulf of Mexico

🔭 The context: Lease 261, a contentious 73 million-acre tract, had its leasing to oil companies halted by Biden as part of his climate change mitigation efforts, spotlighting the ongoing struggle between environmental concerns and the fossil fuel industry

🌎 Why it matters for the planet: The incessant battles over oil leases underscore the intricate challenges nations face in pivoting towards clean energy

⏭️ What's next: The unfolding events surrounding oil and gas leases, shaped by legal, political, and environmental realms, will continue to spotlight the intricate dynamics in the global energy transition and environmental preservation discourse

💬 One quote: “Everybody knows the train has left the station and we’re moving toward a transition to renewables and less hydrocarbons” (Rene Santos, oil analyst at S&P Global Platts)

📈 One Stat: Emissions from burning fossil fuels extracted from federal lands and waters account for almost 25 percent of the country’s greenhouse gas emissions

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