Sep 29, 2023 IPAA Statement on Biden Administration’s Offshore Five-Year Leasing Program
The Independent Petroleum Association of America (IPAA) released the following statement in response to the Department of Interior’s Proposed Final Program and Final Programmatic Environmental Impact Statement (EIS) for the 2024–2029 National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program):
IPAA President & CEO Jeff Eshelman: “IPAA is disappointed by the content of the Biden Administration’s offshore five-year leasing program released today. It’s clear that the Biden Administration has chosen to align its policy decisions with environmental activists rather than put the best interest of American consumers first. A plan with only three leases in five years will not only hamper American production but jeopardizes our energy security and will result in hundreds of millions of dollars of lost revenue to coastal states and the federal treasury. The sad truth is that this plan will force the U.S. to get oil from other nations rather than develop American resources by American companies.”
