Trump Administration’s Alaska Oil and Gas Lease Sale a ‘Major Flop’

Photo: Bureau of Land Management (CC BY 2.0)

Despite the Trump administration’s unrelenting quest to drill the Arctic, Wednesday’s oil and gas lease sale in the National Petroleum Reserve-Alaska (NPR-A) yielded a “disappointing” return of $1.5 million.

Oil and gas giants ConocoPhillips, Emerald House, and Nordaq Energy were the three companies that made uncontested bids on 16 tracts of land out of 254 tracts made available by the Bureau of Land Management’s (BLM) annual sale in the western Arctic.

LINK (via: EcoWatch)

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