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A state corporation, the Alaska Industrial Development and Export Authority, was the main bidder on the leases. Its executive director, Alan Weitzner, in a statement, said in acquiring nine tracts, "Alaska preserves the right to responsibly develop its natural resources." ....
The U.S. government held its first-ever oil and gas lease sale Wednesday for Alaska's Arctic National Wildlife Refuge, an event critics labeled as a bust with major oil companies staying on the sidelines and a state corporation emerging as the main bidder. ....
Jan 7, 2021 JUNEAU, Alaska (AP) The U.S. government held its first-ever oil and gas lease sale Wednesday for Alaska’s Arctic National Wildlife Refuge, an event critics labeled as a bust with major oil companies staying on the sidelines and a state corporation emerging as the main bidder. The sale, held as scheduled after a judge Tuesday rejected requests by Indigenous and conservation groups to halt the event, garnered bids on half the 22 tracts that were listed as available in the refuge’s coastal plain. The U.S. Bureau of Land Management, which held the sale, said the bids were under review. ....
Image: Shutterstock The Trump administration has held an auction for rights to drill for oil in Alaska’s Arctic National Wildlife Refuge (ANWR) and has received lower than expected interest from bidders. The sale generated around $14.4 million (£10.6m) in bids, which is lower than the Congressional Budget Office’s estimate of $1.8 billion (£1.3bn). The Alaska Industrial Development and Export Authority, a state agency, emerged as the sole high bidder of the oil and gas lease sale. Several environmental organisations had opposed oil and gas drilling on the Arctic Refuge as it would threaten wildlife and worsen the effects of climate change. ....