Industry groups in the US have lambasted the Obama administration’s decision to ditch plans to offer lease sales off the southern Atlantic coast under pressure from market dynamics and local opposition.
“This decision stunts the safe and responsible path to securing the domestic energy supplies future generations of Americans will need,” said American Petroleum Institute chief executive Jack Gerard. “This also wipes out an opportunity to create scores of additional new jobs for Americans along the Atlantic coast and nationwide, while also erasing millions more in revenue to the government.”
The
