• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Environmentoil and gas

Biden to ban new oil drilling over vast stretch of US Atlantic, Pacific waters

By
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Bloomberg
Bloomberg
Down Arrow Button Icon
January 4, 2025, 10:26 AM ET
Biden is set to order a ban on new offshore oil and gas development across some 625 million acres of US coastal territory.
Biden is set to order a ban on new offshore oil and gas development across some 625 million acres of US coastal territory.Getty Images

President Joe Biden is set to order a ban on new offshore oil and gas development across some 625 million acres of US coastal territory, ruling out the sale of drilling rights in Atlantic and Pacific waters as well as the eastern Gulf of Mexico.

Recommended Video

The move represents a sweeping effort to permanently protect coastal waters — and communities that depend on them — from fossil fuel development and the risk of oil spills. At the same time, Biden is keeping the door open for new oil and natural gas leasing in the central and western portions of the Gulf of Mexico that have been drilled for decades and currently provide about 14% of the country’s production of those fuels, said people familiar with the matter who asked not to be named because the decision is not yet public. 

Biden’s decision, set to be announced on Monday, will further burnish his climate credentials, deepening his record of fostering conservation and zero-emission energy. It builds on a series of last-minute White House moves to safeguard lands and enshrine environmental protections before President-elect Donald Trump takes office. 

White House spokespeople didn’t immediately respond to requests for comment made outside normal business hours.

Unlike other steps Biden has taken to constrain fossil fuel development and the greenhouse gas emissions that drive climate change, this one could have long-lived durability, complicating Trump’s intention of bolstering domestic oil and gas production. 

Read More: Biden to Ban More Offshore Oil Drilling Before Trump Arrives

That’s because Biden’s planned proclamation is rooted in a 72-year-old provision of federal law that gives presidents broad discretion to withdraw US waters from oil leasing without explicitly authorizing revocations. 

Presidents of both parties — including Trump — have invoked the same statute to protect coral reefs, walrus feeding grounds and other American waters from Florida to Alaska. And while presidents have modified decisions by predecessors to exempt areas from oil leasing, courts have never validated a complete reversal.

Congressional Democrats and environmental groups had lobbied Biden to maximize permanent protections against offshore drilling to safeguard vulnerable coastal communities, protect marine ecosystems from oil spills and fight climate change. Some environmental activists were divided on the best approach, worried that a too-broad declaration could jeopardize a legal tool that’s been used to conserve special marine areas since 1953.

Yet the planned proclamation is simultaneously muscular and strategic — indefinitely protecting some areas that Republican and Democratic politicians have jointly pushed to keep free from drilling without encroaching on long-active territory in the Gulf of Mexico that’s a foundation of US oil and gas production. 

The declaration would not affect drilling and other activity on existing leases. It also keeps a path open for Republican lawmakers to order more central and western Gulf oil lease sales as a way to raise revenue that could offset the cost of extending tax cuts.

Earlier: Trump’s Ready ‘Within Seconds’ to Issue Orders Spurring Drilling

Environmentalists said Biden’s move ensures that oil companies won’t be able to tap reserves in the eastern Gulf and southern Pacific that have long beckoned industry. They added that the protections respond to growing public interest in limiting offshore oil drilling. 

The president would be delivering an “epic ocean victory” and “contributing to the bipartisan tradition of protecting our coasts” by enshrining the protections, said Joseph Gordon, a campaign director with the environmental group Oceana. 

Oil industry advocates said the planned action limits US energy might, even as the country stands on the cusp of an expected surge in electricity demand from data centers, artificial intelligence and manufacturing. Offshore energy development powers a long chain of economic activity that extends far from US coastlines, they argue, and oil and gas extracted in America yields less planet-warming pollution than elsewhere around the world. 

“Voters made their views clear about the importance of American energy, yet the Biden administration’s misguided approach continues to undermine our nation’s energy advantage,” said Dustin Meyer, senior vice president of policy at the American Petroleum Institute. 

Trump could order a reversal of Biden’s action, just as he tried to revoke President Barack Obama’s withdrawals during his first term in office. But Trump’s earlier attempt was rejected by a federal district court in 2019. 

Also, some of the waters that Biden is targeting overlap with territory near Florida and the southeast US that Trump himself temporarily withdrew from oil and gas leasing during the final weeks of the 2020 presidential campaign. Trump’s withdrawals are otherwise set to expire in 2032. 

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Environment

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
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
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
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Environment

Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
EnvironmentJeff Bezos
Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
By Sydney LakeApril 15, 2026
5 hours ago
Members of the public pose for photographs beside the Charging Bull, sometimes referred to as the Bull of Wall Street or the Bowling Green Bull on Broadway on April 14, 2025 in New York City.
EconomyWall Street
Markets haven’t rallied this fast since COVID. Iran volatility is just another ‘notch on the belt’ for investors, says J.P. Morgan strategist
By Eleanor PringleApril 15, 2026
9 hours ago
hippo
EnvironmentColombia
Colombia approves plan to kill cocaine hippos roaming through center of country
By Manuel Rueda and The Associated PressApril 13, 2026
2 days ago
zohran
PoliticsNew York City
Zohran Mamdani’s promise at 100 days: ‘At our stores, eggs will be cheaper. Bread will be cheaper’
By Anthony Izaguirre and The Associated PressApril 13, 2026
2 days ago
A major U.S. gasoline production hub is in such a severe drought that its refineries may be hobbled. ‘We are actively praying for a hurricane’
Energyfossil fuels
A major U.S. gasoline production hub is in such a severe drought that its refineries may be hobbled. ‘We are actively praying for a hurricane’
By Michael Phillis and The Associated PressApril 12, 2026
3 days ago
Legendary investor says the AI boom masks a deeper crisis: Falling sperm counts, shrinking populations, and vanishing resources
Investingbubble
Legendary investor says the AI boom masks a deeper crisis: Falling sperm counts, shrinking populations, and vanishing resources
By Nick LichtenbergApril 12, 2026
3 days ago

Most Popular

Billionaire philanthropist MacKenzie Scott has donated again—a week after gifting millions to a college, she's just given $70 million to Meals on Wheels America
Success
Billionaire philanthropist MacKenzie Scott has donated again—a week after gifting millions to a college, she's just given $70 million to Meals on Wheels America
By Fortune EditorsApril 13, 2026
2 days ago
Retirees are facing a $345,000 bill they never saw coming — and most aren't prepared
Commentary
Retirees are facing a $345,000 bill they never saw coming — and most aren't prepared
By Fortune EditorsApril 14, 2026
1 day ago
Palantir CEO says working at his $316 billion software company is better than a degree from Harvard or Yale: ‘No one cares about the other stuff’
Success
Palantir CEO says working at his $316 billion software company is better than a degree from Harvard or Yale: ‘No one cares about the other stuff’
By Fortune EditorsApril 14, 2026
1 day ago
Warren Buffett’s first tax return showed $7 owed to the IRS. The then paperboy and former Berkshire Hathaway CEO is now worth $143 billion
Success
Warren Buffett’s first tax return showed $7 owed to the IRS. The then paperboy and former Berkshire Hathaway CEO is now worth $143 billion
By Fortune EditorsApril 14, 2026
1 day ago
Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
Environment
Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
By Fortune EditorsApril 15, 2026
5 hours ago
Anthropic is facing a wave of user backlash over reports of performance issues with its Claude AI chatbot
AI
Anthropic is facing a wave of user backlash over reports of performance issues with its Claude AI chatbot
By Fortune EditorsApril 14, 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.