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8/16, 7:06 PM (Source: TeleTrader)
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Biden admin sued over leases by 12 oil sector groups

The American Petroleum Institute (API) and 11 additional oil sector trade groups have filed lawsuits against the United States Department of the Interior (DoI) over the indefinite countrywide halt on new oil and gas leases on federal lands and waters that US President Joe Biden ordered in January.

"The law is clear: the department must hold lease sales and provide a justification for significant policy changes. They have yet to meet these requirements in the eight months since instituting a federal leasing pause, which continues to create uncertainty for U.S. natural gas and oil producers," API Senior Vice President and Chief Legal Officer Paul Afonso said in a statement.

The lawsuit has been filed in the US District Court for the Western District of Louisiana, which previously opposed the suspension issued by the Biden administration.

Breaking the News / MS