1、CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Offshore Oil and Gas Leasing: President Bidens “Pause” February 11, 2021 On January 27, 2020, President Biden issued Executive Order (E.O.) 14008, directing multiple administrative actions to address climate change. Sectio
2、n 208 of the order directed the Secretary of the Interior to “pause new oil and natural gas leases on public lands or in offshore waters pending completion of a comprehensive review and reconsideration of Federal oil and gas permitting and leasing practices.” The E.O. stated that this review must ev
3、aluate “potential climate and other impacts” associated with oil and gas leasing, as well as whether to adjust royalties paid to the federal government from onshore and offshore oil and gas production to account for “climate costs.” The required “pause” and review must be “consistent with applicable
4、 law.” This CRS product briefly examines potential effects of the E.O. on federal offshore oil and gas leasing activities on the U.S. outer continental shelf. The E.O. could have both short-term and longer-term effects on these activities, depending partly on the duration of the leasing pause and on
