Biden closes Alaska oil lease(Reuters)[2022]
ANCHORAGE, Alaska (Reuters) -The Biden administration on Monday overturned a controversial Trump-era policy that would have opened new swathes of Arctic Alaska to oil development.
The Bureau of Land Management, part of the Department of Interior, resurrected Obama-era management policies in the National Petroleum Reserve in Alaska, a 23-million-acre (9.3 million hectare) area on the western side of Alaska's North Slope. Alaska's oil production has been declining for decades and reached a 45-year low last year.