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hatrack

(63,090 posts)
12. Zero bids in the lastest auction (January 2025); only bidder in 2021 was the State of Alaska
Sat Mar 1, 2025, 10:31 AM
Mar 2025

Jan 8 (Reuters) - The U.S. Interior Department said on Wednesday a congressionally mandated oil and gas drilling lease auction in Alaska's Arctic National Wildlife Refuge received no bids from energy companies.

Outgoing President Joe Biden's administration billed the outcome as proof the 19 million-acre refuge, home to species including polar bears and Porcupine caribou, should remain off-limits to fossil fuel development, even as President-elect Donald Trump seeks to encourage expanded drilling there.

"The lack of interest from oil companies in development in the Arctic National Wildlife Refuge reflects what we and they have known all along – there are some places too special and sacred to put at risk with oil and gas drilling," said Acting Deputy Interior Secretary Laura Daniel-Davis.

The U.S. was scheduled to hold a federal auction for some 400,000 acres of the refuge, the minimum required by the 2017 Tax Act, on Friday, but had required bidders to express interest in advance by a Jan. 6 deadline.

EDIT

https://www.reuters.com/world/us/alaska-wildlife-refuge-drilling-auction-yields-no-bids-us-says-2025-01-08/

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