Biden Admin Announces Massive Restrictions on Alaskan Oil Reserve and Hampers Key Mining Project in One Fell Swoop

Alaska Petroleum Reserve

The Biden administration moved to block oil and gas activity on millions of acres of Alaskan land and effectively rejected a road project needed to mine large reserves of copper in the state on Friday, Bloomberg News reported.

The Department of the Interior (DOI) finalized a plan that will restrict future oil leasing and development on about half of the National Petroleum Reserve-Alaska (NPR-A), an area in the state’s north approximately the size of Indiana first designated by former President Warren Harding as an emergency source of fuel for the U.S. Navy, according to Bloomberg News. The DOI also moved to all but shoot down the Ambler Access Project, a previously-approved proposal for a mining company to build a 211-mile long road needed to mine copper reserves potentially worth billions of dollars.

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