EnergyWatch

Trudeau joins Obama in freezing arctic offshore oil drilling

President Barack Obama banned new offshore oil and gas drilling across more than 100 million acres of the US Arctic and undersea canyons in the Atlantic Ocean. Now, Canadian Prime Minister Justin Trudeau has also committed to freeze new offshore leasing in his nation's Arctic waters.

President Barack Obama banned new offshore oil and gas drilling in more than 100 million acres of the US Arctic and undersea canyons in the Atlantic Ocean, a move certain to provoke a fight with the Republican-led Congress and his successor in the White House.

In an announcement coordinated between two of the world's biggest oil producers, Canadian Prime Minister Justin Trudeau also committed to freeze new offshore leasing in his nation's Arctic waters and review the matter every five years.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Price cap on gas in Europe is a complex issue and potentially very costly

European lawmakers demand action to rein in gas prices, and the EU Commission has drafted a plan. However, gas prices constitute tricky puzzle: No matter how it’s approached, Europe faces an energy shortage in the next six months. The only way to help consumers is through aid, but this is a potentially costly and dangerous path, says analyst.

Further reading

Related articles

Latest News

See all jobs