Wednesday, June 25, 2025
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO North America > Business > Industry > API Appeals Gulf of Mexico Lease Sale Ruling

API Appeals Gulf of Mexico Lease Sale Ruling

in Industry
API Appeals Gulf of Mexico Lease Sale Ruling
Share on LinkedinShare on WhatsApp

The American Petroleum Institute (API) today filed a notice of appeal with the U.S. Court of Appeals for the D.C. Circuit of the decision by the D.C. District Court invalidating the results of the only federal lease sale for natural gas and oil held in 2021. The sale generated $198,511,834 in total bids, and the revenues received are directed to the U.S. Treasury, state and local governments, the Land and Water Conservation Fund and the Historic Preservation Fund.

“Today we’re taking action to preserve American energy leadership and ensure that development in the Gulf of Mexico can continue to play a critical role in meeting the nation’s energy needs, while generating billions in revenue for critical conservation programs,” API Senior Vice President for Policy, Economics and Regulatory Affairs Frank Macchiarola said. “At a time of rising energy costs and heightened geopolitical tensions, the misguided decision to cancel the only lease sale held last year is contributing to significant uncertainty for U.S. natural gas and oil producers and limiting access to the affordable, reliable energy that’s needed here in the U.S. and around the world. We call on the Department of Interior to join us in this effort and appeal the court’s ruling, which overlooked the comprehensive environmental analysis that the Bureau of Ocean and Energy Management conducted as part of the NEPA process prior to the lease sale, including careful consideration of the emissions impacts of reasonable alternatives.”

An Obama-era report analyzing the effects of offshore leasing restrictions found that U.S. greenhouse gas emissions will be little affected and could increase slightly if foreign imports increased in the absence of new U.S. offshore leasing and production. The report cites foreign energy sources would substitute for reduced American offshore supply, and that increased production and subsequent transport of foreign oil would lead to higher GHG emissions than energy produced here in the United States.

Tags: API appealGulf of Mexico oil

Related Posts

Clean energy policies channel dollars to US agricultural sector
Industry

US Farmers are harvesting at a record pace

Recession looms as Industrial production performs poorly
Industry

Recession looms as Industrial production performs poorly

Tesla announces new models, sending shares up 9%
Business

Tesla announces new models, sending shares up 9%

Commerce Secretary: Chinese chips aren’t as powerful as American chips
Industry

Commerce Secretary: Chinese chips aren’t as powerful as American chips

Clothing retailer Express files for bankruptcy
Industry

Clothing retailer Express files for bankruptcy

Tesla cuts prices as sales tumble
Business

Tesla cuts prices as sales tumble

Boeing CEO: ‘We caused’ 737 Max 9 blowout
Business

Boeing CEO: ‘We caused’ 737 Max 9 blowout

Home prices begin to cool after nine-month streak
Industry

Home prices begin to cool after nine-month streak

Big pharma firms expected to take hits from patent expiries
Business

Big pharma firms expected to take hits from patent expiries

Top tech stocks draw attention during big earnings week
Business

Top tech stocks draw attention during big earnings week

No Result
View All Result

Recent Posts

  • Ambarella shares soar more than 20% on report chip designer is exploring sale
  • U.S. Economic Confidence Slightly Improved, Still Negative
  • Bessent says SALT deal will happen within 48 Hours
  • The Fed unlikely to issue July rate cut
  • FedEx beats Q4 estimates, announces new cost cuts

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.