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Oil prices jumped after the announcement.
Proposal includes up to 10 oil and gas lease sales in the Gulf of Mexico and 1 off the Alaska coast.
Federal, state and local governments receive about $138B a year from the fossil fuel industry.
Rhetoric about quickly ramping up U.S. crude output is at odds with the industry’s reality.
Another policy reversal.
The decision is a blow to Biden’s efforts to rapidly transition the nation away from fossil fuels.
Divestment is a fiduciary responsibility.
They don’t like oil spills.
The state is receiving nothing in return.
Congress accepting comments on environmental impacts on ANWR through Wednesday.
It’s a rare trip for the governor.