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Home / Environment / Climate bill’s unlikely beneficiary: US oil and gas industry (access required)

Climate bill’s unlikely beneficiary: US oil and gas industry (access required)

The U.S. oil industry hit a legal roadblock in January when a judge struck down a $192 million oil and natural gas lease sale in the Gulf of Mexico over future global warming emissions from burning the fuels. It came at a pivotal time for Chevron, Exxon and other industry players: the Biden administration had curtailed opportunities for new offshore drilling, while raising climate change concerns.

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