The first-ever US government auction of leases to build wind farms in the Gulf of Mexico ended with only one tract sold, a blow for advocates cheering on renewable-power development in the region.
Inflation Reduction Act Advances Stalled Offshore Oil and Gas Lease Sales | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
The Inflation Reduction Act (the Act), which passed the U.S. Senate on Aug. 7, 2022, requires that previously announced offshore lease sales in the Gulf of Mexico and Alaska be held.