Trump administration to open more Alaska acres for oil, gas drilling
WASHINGTON (Reuters) - U.S. Interior Secretary Doug Burgum on Thursday announced steps to open up more acreage for oil and gas leasing and lift restrictions on building an LNG pipeline and mining road in Alaska, carrying out President Donald Trump's executive order to remove barriers to energy development in the state.
Burgum said the agency plans to reopen the 82% of Alaska's National Petroleum Reserve that is available for leasing for development and reopen the 1.56-million-acre Coastal Plain of the Arctic National Wildlife Refuge for oil and gas leasing.
He also said the administration would revoke restrictions on land along the Trans-Alaska Pipeline Corridor and Dalton Highway north of the Yukon River and convey the land to the State of Alaska, which would pave the way forward for the proposed Ambler Road and the Alaska Liquified Natural Gas Pipeline project.
'It's time for the U.S. to embrace Alaska's abundant and largely untapped resources as a pathway to prosperity for the Nation, including Alaskans,' said Burgum.
Drilling in Alaska's pristine Arctic refuge has long been a source of friction between Alaska lawmakers and tribal corporations seeking to open more acres to drilling to spur economic growth, and Democratic presidential administrations that sought to preserve the local ecosystem and wildlife.
A January 8 lease auction that had been mandated by Congress held under the Biden administration's Interior Department received no bids from energy companies.
The Biden administration last year rejected the Ambler Road Project, a proposed 211-mile road that would connect to a rare earths mining district.
Alaska's Republican Governor Mike Dunleavy and the state's congressional delegation have pushed for a reversal of Biden's Alaska resource development policies.
The oil industry has signalled it would be hesitant to rush into Alaska given its high risk and the possibility of a political pendulum swing in four years that could put Alaska off limits again.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
35 minutes ago
- Yahoo
Russian attack on Ukraine's Kharkiv kills three, wounds 22, mayor says
KYIV (Reuters) -Russia attacked the eastern Ukrainian city of Kharkiv at night with drones, missiles and guided bombs, killing at least three people and injuring 22, including a one-and-a-half-month-old baby, the city mayor, Ihor Terekhov, said on Saturday. One of Ukraine's largest cities, Kharkiv is located just a few dozen kilometres from the Russian border and has been under constant Russian shelling during more than three years of war. "Kharkiv is currently experiencing the most powerful attack since the start of the full-scale war," Terekhov said on the Telegram messenger early on Saturday. Dozens of explosions were heard in the city through the night and Russian troops were striking simultaneously with missiles, drones and guided aerial bombs, he said. Multi-storey and private residential buildings, educational and infrastructure facilities were attacked, Terekhov noted. Photos by local authorities and Reuters showed burnt and partially destroyed houses and vehicles, and of rescuers carrying those injured to safety and removing debris. Kharkiv governor Oleh Syniehubov said that one of the city's civilian industrial facilities was attacked by 40 drones, one missile and four bombs, causing a fire, adding there may still be people under the rubble. The Ukrainian military said Russia launched 206 drones, 2 ballistic and 7 other missiles against Ukraine overnight. It said its air defence units shot down 87 drones while another 80 drones were lost - in reference to the Ukrainian military using electronic warfare to redirect them - or they were drone simulators that did not carry warheads. Ten locations were hit, the military said.
Yahoo
an hour ago
- Yahoo
DHS wants National Guard to search for and transport unaccompanied migrant children
A Department of Homeland Security request for 21,000 National Guard troops to support "expansive interior immigration enforcement operations" includes a call for troops to search for unaccompanied children in some cases and transport them between states, three sources briefed on the plan tell NBC News. Having National Guard troops perform such tasks, which are not explained in detail in the DHS request, has prompted concern among Democrats in Congress and some military and law enforcement officials. The tasks are laid out in a May 9th Request for Assistance from the Department of Homeland Security to the Pentagon. The document states that, 'this represents the first formal request by U.S. Immigration and Customs Enforcement (ICE) for the deployment of National Guard personnel in support of interior immigration enforcement operations.' The request calls for National Guard troops to be used for 'Search and Rescue for UACs [Unaccompanied Alien Children] in remote or hostile terrain,' and 'Intra- and inter-state transport of detainees/ unaccompanied alien children (UACs)," without clearly explaining what that would entail. Most of the troops, about 10,000, would be used for transporting detained individuals, the DHS said. Roughly 2,500 troops would be used for detention support but the document does not specify where. Another 1,000 troops would be assigned to administrative support, such as processing detainees. The request also asks for up to 3,500 troops to 'Attempt to Locate — Fugitives' and to conduct 'surveillance and canvassing missions,' as well as 'night operations and rural interdictions.' It also asks for support for ICE in 'joint task force operations for absconder/fugitive tracking,' according to the three sources familiar with the plans. NPR first reported the details of the DHS request. Democrats in Congress and military and law enforcement officials have expressed concern about the use of National Guard troops to perform what they say are civilian law enforcement duties. One characterized the plan as the Trump administration 'finding a way to get the National Guard into the streets and into American homes,' saying, 'I fear it's going to look like a police state.' A second source said, 'Trump has said he wants to use the National Guard for law enforcement, and the Pentagon and other entities have always said, 'Oh, don't worry, it will never come to that.' But this is it.' Defense officials say the request has not been approved and is being evaluated by Pentagon policy officials, the General Counsel's office, and other Pentagon leadership. The officials say the most likely course of action would be for some parts of the request to be approved and others rejected. But one source briefed on the plans said that Secretary of Defense Peter Hegseth is close to approving some elements of the request and considering which state governors to approach first regarding National Guard units. 'We are so much closer to this being real,' said the source, who spoke on condition of anonymity. DHS is requesting the National Guard troops under Title 32 status, which means they would remain on state active duty under the command of their governor but would be federally funded. Title 32 status generally allows National Guard troops to conduct law enforcement activities without violating the Posse Comitatus Act, an 1878 law that bars the use of federal troops in law enforcement operations. A National Guard member who opposes troops performing such tasks told NBC News, 'I plan to leave the National Guard soon over this.' The Pentagon is also being asked by DHS to pay the full cost of deploying the 21,000 National Guard troops. That comes amid growing tension between the Pentagon and DHS over the cost of border and other immigrant-related operations. The DHS request for National Guard troops arrives when the Pentagon is already footing a $23-million-a-month bill to hold as many as 2,500 undocumented immigrants in a military facility in Texas. Defense officials say they are frustrated that the camp is holding far fewer individuals than they were told to expect and they would like a reprieve. The Defense Department is in a contract with the DHS to help support DHS and Immigration and Customs Enforcement, or ICE, officers who are under pressure from Deputy White House Chief of Staff Stephen Miller to arrest 3,000 undocumented immigrants a day. But it has been slow going for ICE agents, resulting in fewer arrests of undocumented immigrants across the country. That has resulted in many empty beds at facilities like the one in El Paso, owned and operated by the Defense Department. Military officials say the facility has been holding an average of 150 undocumented immigrants each day over the last several weeks — a fraction of its 2,500 beds. On one recent day, they said, the facility housed fewer than 80 people. Pentagon officials are asking to cut the number of beds in the facility from 2,500 to about 1,000, which they say would save $12 million per month. It is not clear if the DHS request for National Guard troops will increase the need for beds in the El Paso facility. The DHS request also comes as the Pentagon is struggling to fund critical projects to support U.S. troops. 'Congress is aware that the department is redirecting funds from existing military construction projects like barracks improvements for lower enlisted personnel and longstanding infrastructure projects elsewhere in the world in favor of southwest border missions,' a Senate aide who spoke on condition of anonymity told NBC News. 'They are pretty frustrated with the way that the department is ordering them to support DHS out of their own pockets for a grossly disproportionate cost compared to what ICE facilities would cost the government,' added the aide, referring to military officials. Last month, the Pentagon notified Congress that it planned to transfer more than $1.74 million in the current DOD budget to the southwest border mission, as step that will take money away from renovating barracks and base facilities. Service member advocacy groups have criticized the move. Rob Evans, the founder of Hots&Cots, where services members can post reviews of barracks, dining areas and other facilities, says he sees evidence daily of barracks with sewage leaks, mold, failing HVAC systems, and more. 'When funding is pulled from this line, troops pay the price in real ways: delayed repairs, worsening conditions, and a growing sense that their well-being comes second to optics and operations,' Evans said. 'Service members deserve clean, safe, and dignified living conditions. They've earned at least that much.' This article was originally published on
Yahoo
an hour ago
- Yahoo
Jefferies Initiates Coverage of Excelerate Energy (EE) with a Buy Recommendation
Jefferies began coverage of Excelerate Energy, Inc. (NYSE:EE) on June 5, assigning the stock a Buy rating with a $39 price target, indicating an average upside potential of approximately 31%. Jefferies analysts noted that the company stands to profit from long-term LNG (liquefied natural gas) demand via its Floating Storage Regasification Unit (FSRU) and regas infrastructure, which signals consistent cash flows and limited commodity risk in the future. A bird's eye view of a natural gas pipeline stretching across the landscape. To capitalize on the LNG demand, Excelerate Energy, Inc. (NYSE:EE) is increasing its assets and enhancing integration by building a new FSRU, signing LNG Sale and Purchase Agreements (SPA), and purchasing New Fortress Energy Inc. (NASDAQ:NFE)'s LNG-to-power Jamaican assets. These tactical plays by EE are projected to strengthen its growth, combined with its solid financials and controlled debt. As Excelerate Energy, Inc. (NYSE:EE) slows down capital expenditure that supports its growth, analysts expect future free cash flow to increase, which in turn can possibly elevate its capital returns and valuation. The Buy rating shows Jefferies' confidence in the company's capacity to make strategic use of its existing infrastructure and contracts for sustained growth and value generation in the future. Excelerate Energy, Inc. (NYSE:EE) is a Texas-based provider of liquefied natural gas (LNG) solutions, specializing in regasification services using floating storage and regasification units (FSRUs) and building supporting infrastructure. While we acknowledge the potential of EE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
