Drill, baby, drill? Not so fast. President Biden is expected to announce an executive order on Wednesday that will bring new oil and gas permits on federal lands to a halt, putting climate change front and center. This 2016 file photo, shows the “House on Fire” ruins in Mule Canyon, near Blanding, Utah, a state where President Donald Trump downsized two national monuments to ensure that lands previously off-limits to energy development would be open to mining and drilling despite pending lawsuits by conservation, tribal and paleontology group. (AP Photo/Rick Bowmer, File ) WASHINGTON (CN) — President Joe Biden is readying a moratorium on new leases for oil and gas drilling on federal lands.