Biden to ban offshore oil, gas drilling in vast areas ahead of Trump term
January 6, 2025
(Investing) – U.S. President Joe Biden will ban new offshore oil and gas development along most U.S. coastlines, a decision President-elect Donald Trump, who has vowed to boost domestic energy production, may find difficult to reverse. The move is considered mostly symbolic, as it will not impact areas where oil and gas development is currently underway, and mainly covers zones
