06 Jan '18, 8am

Trump's New Offshore Drilling Plan Is Great For Big Oil and Terrible for Everyone Else #care2

Trump's New Offshore Drilling Plan Is Great For Big Oil and Terrible for Everyone Else #care2

The Trump administration has come up with yet another plan to line the pockets of his Big Oil and Big Gas buddies. A proposal released on Jan. 4 would allow offshore drilling for oil and gas in most U.S. continental shelf waters. This is the largest area of U.S. offshore oil and natural gas reserves ever offered to global energy companies. The plan, introduced by Interior Secretary Zinke, would radically expand offshore drilling in new areas of the Atlantic, Arctic, Gulf of Mexico and Pacific waters. Specifically, Zinke stated that under the 5-year plan, a whopping 90 percent of the nation’s offshore reserves would be open to leasing between 2019 and 2024. Twelve leases in the Gulf of Mexico could be up for grabs, along with 19 in coastal Alaska. The proposal also includes three planning areas off the coast of California, where no federal leases have been permitted since 1...

Full article: https://www.care2.com/causes/trumps-new-offshore-drilling...

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