U.S. Auctions Giant Stretch of Gulf of Mexico for Oil and Gas Drilling

EcoWatch
By Cristen Hemingway JaynesMar 30, 2023, 8:28 pm132 pts
The U.S. held its first auction of oil and gas drilling leases in the Gulf of Mexico in more than a year on Wednesday. The sale — mandated by the Inflation Reduction Act (IRA) — garnered $264 million in offers from oil companies, including BP, Chevron and ExxonMobil. The auction in federal waters came just…

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