US-based mineral exploration company KoBold Metals said on Thursday it is ready to start drilling for nickel and other raw materials used in electric vehicles, amid skyrocketing prices brought about by Ukraine-related sanctions on Russia. The company secured a 51% stake in the Disko-Nuussuaq project on Greenland’s west coast last …
Read More »Biden backtracks on oil drilling ban
The US Department of Interior issued a long-awaited report on the government’s minerals leasing programs on Friday, recommending that new sales be limited to areas where oil and gas infrastructure already exists. While the plan would prevent opening up new drilling frontiers, such as the Atlantic Seaboard, it allows oil …
Read More »Biden to make ban on oil & gas drilling on federal property PERMANENT, media reports say
The new president will sign an order and announce a moratorium on new oil and gas leasing on federal land and water on Wednesday, according to an AP report published on Tuesday. Though the Biden administration has not confirmed or denied the report, the order is likely to go ahead, …
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