• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

2

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

3

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

1

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

2

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

3

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
PoliticsBig Oil

Biden administration has canceled the 7 remaining oil and gas leases Trump gave in Alaska’s Arctic Refuge

By
Becky Bohrer
Becky Bohrer
,
Matthew Daly
Matthew Daly
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Becky Bohrer
Becky Bohrer
,
Matthew Daly
Matthew Daly
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
September 7, 2023, 5:30 AM ET
Caribou graze in the Arctic National Wildlife Refuge in Alaska, on June 1, 2001.
Caribou graze in the Arctic National Wildlife Refuge in Alaska, on June 1, 2001. AP
Add Fortune on Google for similar content.

In an aggressive move that angered Republicans, the Biden administration canceled the seven remaining oil and gas leases in Alaska’s Arctic National Wildlife Refuge on Wednesday, overturning sales held in the Trump administration’s waning days, and proposed stronger protections against development on vast swaths of the National Petroleum Reserve-Alaska.

Recommended Video

The Department of Interior’s scrapping of the leases comes after the Biden administration disappointed environmental groups earlier this year by approving the Willow oil project in the petroleum reserve, a massive project by ConocoPhillips Alaska that could produce up to 180,000 barrels of oil a day on Alaska’s petroleum-rich North Slope. Protections are proposed for more than 20,000 square miles (51,800 square kilometers) of land in the reserve in the western Arctic.

Some critics who said the approval of Willow flew in the face of Biden’s pledges to address climate change lauded Wednesday’s announcement. But they said more could be done. Litigation over the approval of the Willow project is pending.

“Alaska is home to many of America’s most breathtaking natural wonders and culturally significant areas. As the climate crisis warms the Arctic more than twice as fast as the rest of the world, we have a responsibility to protect this treasured region for all ages,” Biden said in a statement.

His actions “meet the urgency of the climate crisis” and will “protect our lands and waters for generations to come,” Biden said.

Alaska’s Republican governor condemned Biden’s moves and threatened to sue. And at least one Democratic lawmaker said the decision could hurt Indigenous communities in an isolated region where oil development is an important economic driver.

Interior Secretary Deb Haaland, who drew criticism for her role in the approval of the Willow project, said Wednesday that “no one will have rights to drill for oil in one of the most sensitive landscapes on earth.” However, a 2017 law mandates another lease sale by late 2024. Administration officials said they intend to comply with the law.

The Biden administration also announced proposed rules aimed at providing stronger protections against new leasing and development in portions of the National Petroleum Reserve-Alaska that are designated as special areas for their wildlife, subsistence, scenic or other values. The proposal still must go through public comment. Willow lies within the reserve but was not expected to be affected by the proposed rules.

The Arctic National Wildlife Refuge’s 1.5-million-acre (600,000-hectare) coastal plain, which lies along the Beaufort Sea on Alaska’s northeastern edge, is seen as sacred by the Indigenous Gwich’in because it is where caribou they rely on migrate and come to give birth. The plain is marked by hills, rivers and small lakes and tundra. Migratory birds and caribou pass through the plain, which provides habitat for wildlife including polar bears and wolves.

Alaska political leaders — including some Democrats — have long pushed to allow oil and gas drilling in the refuge in part because of its economic impact on Indigenous communities in an area with few other jobs. Many of those same voices pressed Biden to approve the Willow project for the same reason.

“I am deeply frustrated by the reversal of these leases in ANWR,” said U.S. Rep. Mary Peltola, a Democrat, using a common shorthand for the refuge. “This administration showed that it is capable of listening to Alaskans with the approval of the Willow Project, and it is some of those same Inupiat North Slope communities who are most impacted by this decision. I will continue to advocate for them and for Alaska’s ability to explore and develop our natural resources.”

Alaska’s congressional delegation in 2017 succeeded in getting language added to a federal tax law that called for the U.S. government to hold two lease sales in the region by late 2024.

Drilling opponents on Wednesday urged Congress to repeal the leasing provision from the 2017 law and permanently make the coastal plain off limits to drilling.

“It is nearly impossible to overstate the importance of today’s announcements for Arctic conservation,” said Jamie Williams, president of the Wilderness Society. “Once again, the Arctic Refuge is free of oil leases. Our climate is a bit safer and there is renewed hope for permanently protecting one of the last great wild landscapes in America.”

Alaska Republican U.S. Sen. Dan Sullivan denounced Biden’s actions as the latest volley in what he called a “war on Alaska.”

Two other leases that were issued as part of the first-of-its-kind sale for the refuge in January 2021 were previously given up by the small companies that held them amid legal wrangling and uncertainty over the drilling program.

After taking office, Biden issued an executive order calling for a temporary moratorium on activities related to the leasing program and for the Interior secretary to review the program. Haaland later in 2021 ordered a new environmental review after concluding there were “multiple legal deficiencies” underlying the Trump-era leasing program. Haaland halted activities related to the leasing program pending the new analysis.

A draft environmental review was released Wednesday.

The Alaska Industrial Development and Export Authority, a state corporation that won seven leases in the 2021 sale, sued over the moratorium. But a federal judge recently found the delay by Interior to conduct a new review was not unreasonable.

The corporation obtained the leases to preserve drilling rights in case oil companies did not come forward. Major oil companies sat out the sale, held after prominent banks had announced they would not finance Arctic oil and gas projects.

Bernadette Demientieff, executive director of the Gwich’in Steering Committee, thanked the administration for the lease cancellation — but issued a warning.

“We know that our sacred land is only temporarily safe from oil and gas development,” she said. “We urge the administration and our leaders in Congress to repeal the oil and gas program and permanently protect the Arctic Refuge.”

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Becky Bohrer
See full bioRight Arrow Button Icon
By Matthew Daly
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

bernie
PoliticsBook Excerpt
Bernie Sanders told me exactly why he had to run. The Democratic Party still isn’t listening
By Tad DevineJuly 7, 2026
2 hours ago
From missiles to malware: Why the Gulf is stepping up its operational resilience 
Cybersecuritydata breach
From missiles to malware: Why the Gulf is stepping up its operational resilience 
By Melissa HancockJuly 7, 2026
4 hours ago
Trump’s request for a review of Folarin Balogun’s red card has become a global test of  FIFA’s political neutrality
PoliticsWorld Cup
Trump’s request for a review of Folarin Balogun’s red card has become a global test of FIFA’s political neutrality
By Marco Quiroz-GutierrezJuly 7, 2026
6 hours ago
Medical workers wear protecting coverings that are white and yellow.
PoliticsDOGE
‘The risks are growing and the resources are shrinking’: Experts blame DOGE cuts for intensifying the Ebola outbreak, which has killed more than 500
By Sasha RogelbergJuly 6, 2026
15 hours ago
White man glasses gray hair smiling.
PoliticsBernie Sanders
The man who ran Bernie’s campaign says Democrats are still making the same mistakes with Democratic Socialists, and they should laud Mamdani’s win
By Catherina GioinoJuly 6, 2026
16 hours ago
‘All I did was ask for a review’: Trump denies demanding FIFA for a review of Folarin Balogun’s World Cup red card
PoliticsSports
‘All I did was ask for a review’: Trump denies demanding FIFA for a review of Folarin Balogun’s World Cup red card
By The Associated Press and Collin BinkleyJuly 6, 2026
21 hours ago

Most Popular

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
AI
Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
By Marco Quiroz-GutierrezJuly 5, 2026
2 days ago
Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
Success
Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
By Preston ForeJuly 6, 2026
21 hours ago
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
Success
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
By Preston ForeJuly 4, 2026
3 days ago
Current price of oil as of July 6, 2026
Personal Finance
Current price of oil as of July 6, 2026
By Joseph HostetlerJuly 6, 2026
1 day ago
Gen Z was 'jaded about employment before we ever entered the workforce'—now psychologists say the stare has hardened into something worse
Economy
Gen Z was 'jaded about employment before we ever entered the workforce'—now psychologists say the stare has hardened into something worse
By Nick LichtenbergJuly 6, 2026
1 day ago
Current price of silver as of Monday, July 6, 2026
Personal Finance
Current price of silver as of Monday, July 6, 2026
By Joseph HostetlerJuly 6, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.