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Biden’s new offshore ally: Oil majors

Explore the unexpected alliance between the Biden administration and major oil companies as they advocate for a substantial premium on offshore drilling. Proposed regulations aim to prevent the public from covering the $9 billion cleanup cost of abandoned oil wells in the Gulf of Mexico, with smaller companies urging revisions before the final version next year.

Biden’s new offshore ally: Oil majors

Published on

December 26, 2023

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