01 December 2010 17:16 [Source: ICIS news]
WASHINGTON (ICIS)--The US Department of the Interior (DOI) has scheduled a press conference for later on Wednesday in which the agency is expected to announce a new moratorium on offshore oil and gas drilling.
The department said that Interior Secretary Ken Salazar “will provide an update on the nation’s offshore oil and gas drilling policy”.
According to reports published by the New York Times and the Washington Post, Salazar likely would announce that the Obama administration plans to bar offshore drilling in the ?xml:namespace>
Such an action would mean reversal of plans that President Barack Obama revealed earlier this year to permit oil and gas drilling in the eastern Gulf and along parts of the US Atlantic coast.
That plan was announced shortly before the April 2010 disaster involving BP’s Deepwater Horizon rig explosion and the resulting months-long spill of some 5m bbl of oil into Gulf waters.
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