Biden administration mulls reversal of Trump Arctic drilling plan [Reuters]
ConocoPhillips (COP)
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Source: Reuters
District Court in Anchorage. The U.S. Interior Department is examining whether it should rescind a Trump-era management plan for the National Petroleum Reserve in Alaska (NPR-A), an Indiana-sized land unit holding both oil and important ecological values. The move comes even as the White House acquiesced to a court order requiring it to resume oil-and-gas leases in the Gulf of Mexico offshore amid ongoing battles over its plans to reduce U.S. dependence on fossil fuels. The announcement came in a status report filed late on Tuesday in lawsuits seeking to overturn the Trump plan, which vastly expanded drilling opportunities and reduced protections in the reserve. The plan, made final in the last days of the Trump administration, opened more than 80 percent of the reserve to oil development. Areas opened to oil leasing include Teshekpuk Lake, a vast water body that is globally significant habitat for migratory birds, fish and caribou. An attorney with one of the plaintiff or
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COP
Earnings
- 2/8/24 - Beat
COP
Sec Filings
- 4/17/24 - Form PX14A6G
- 4/17/24 - Form 4
- 4/2/24 - Form 4
- COP's page on the SEC website