President Biden is planning on Wednesday to halt new oil and gas leasing on federal territory, people familiar with the matter said, setting up a confrontation with the oil industry over the future of U.S. energy.
The Biden administration has drafted an order to impose the moratorium while it conducts a review of the federal oil and gas leasing program, the people said, in what is potentially a first step toward his campaign pledge to end future leases. The order is expected to be included in a package of measures across government aimed at reducing greenhouse gas emissions and boosting land conservation.
