Nov. 14 at 8:11 PM
$NINE The Trump administration said Nov. 13 that it has finalized a rule rescinding Biden-era restrictions on oil and gas drilling in Alaska as part of efforts to strengthen U.S. energy security.
The new rule, to be published in the Federal Register on Nov. 17, will revoke the measures imposed by the Biden administration that restricted drilling in the National Petroleum Reserve on the North Slope, according to the Interior Department (DOI).
The petroleum reserve in Alaska, spanning roughly 23 million acres, was designated in 1923. Last year, the Biden administration restricted oil and gas drilling on over 13 million acres of the area for environmental reasons.
