Companies decline to drill in Alaska wildlife refuge
Source: The Hill
01/08/25 11:28 AM ET
No oil or gas company sought to drill in a contentious wildlife refuge in Alaska, the Interior Department announced Wednesday. As required by a 2017 law, the Biden administration offered the private sector the chance to drill on tracts in the Arctic National Wildlife Refuge. However, it said Wednesday that no company submitted a bid to do so. The deadline to submit bids to drill was Monday.
The lack of interest from oil companies in development in the Arctic National Wildlife Refuge reflects what we and they have known all along there are some places too special and sacred to put at risk with oil and gas drilling, Laura Daniel-Davis, acting deputy secretary of the Interior Department, said in a written statement. Whether to allow drilling in the refuge has been a source of partisan conflict for many years.
Republicans, who generally support drilling there, have argued its an opportunity to access more oil.
Democrats, who have generally opposed it, have pointed to unique wildlife that can be found there including grizzly bears, polar bears, gray wolves, caribou and more than 200 species of birds. In addition, the area contains land considered sacred by the Gwichin people.
Read more: https://thehill.com/policy/energy-environment/5074074-alaska-wildlife-refuge-interior-department-drilling/
Link to Department of Interior PRESS RELEASE - Arctic Refuge Lease Sale Yields No Interest
CousinIT
(10,648 posts)in2herbs
(3,271 posts)and gas drilling?
What has she been smoking? If it was cost effective for corporations to rape the land at this time they would jump at the chance. Nothing is sacred or special to corporations. Only greed.
SergeStorms
(19,373 posts)is that access to these areas is just not economically feasible for them. The permafrost is melting, making it too difficult to bring in the heavy equipment necessary for drilling and pumping the available crude. Building roads that will continuously sink deeper into the ground isn't cost effective.
It's never about their environmental concerns, believe me. 😉
IbogaProject
(3,908 posts)Either 2024 or 2025 will be peak oil consumption. It is also getting much harder to get the oil out overall so the easy profits are getting harder and harder to achieve. While Solar, Wind and storage have been growing slowly, now the rate of new solar is exploding more was installed in 2024 then every year up to now in total. Solar flattens the peak pricing as the power and the load peak at similar times of the day, storage helps carry it into the evening enough to really alter market pricing while still being somewhat small. Now the whole oil and gas thing will slowly unravel and shrink which is a death knell under growth addicted capitalism.
JoseBalow
(5,948 posts)LOL! As if they care
They just don't want to risk spending the money on getting the infrastructure to drill in place, only to have the policy reversed again some time down the road.
The idea that these oil companies give a single fuck about anything other than profits is absurd.
Lulu KC
(5,466 posts)It would not be cost-effective, and they know it.
It's the people and the caribou who have held my interest for over 30 years. Thank goodness it is not cost-effective.