Coalition formed to block federal leasing funding for oil and gas
What happened
Leon Panetta and Gary Patton formed a coalition to block funding necessary for leasing federally-controlled undersea lands for oil and gas development. This effort is part of a broader push by the Trump administration to lease these lands off California, Alaska, and in the Gulf of Mexico, while also scheduling seabed mining in U.S. Pacific territories.
Why it matters
The coalition aims to prevent the leasing of federally-controlled undersea lands for oil and gas development. This action directly relates to the availability of energy resources and the investment landscape for resource extraction industries.
Who's involved
- Leon PanettaWorked with Gary Patton to build a coalition to block leasing funding.
- Gary PattonBuilt a coalition with local governments to block funding for leasing.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Central Intelligence AgencySpeculative
Energy companies might face reduced access to federally-controlled undersea lands for resource extraction.
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The entities involved
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Leon Panetta
American politician, Secretary of Defense 2011–2013