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Mid Atlantic oil bids face court delays and policy risk
Industry bids for mid Atlantic offshore leases total around 81.13 billion, but a New York led environmental lawsuit and pending court decisions threaten the six month permitting window. Interior reviews bids as a Supreme Court case weighs environmental safeguards and possible voids, while offshore activity lags behind in labor and equipment readiness. Meanwhile stock prices slip as earnings pace slows and Korea tensions loom.
MENTIONED IN THIS ARTICLE
New York
mid-Atlantic
Supreme Court
Interior Department
2Nd
U.S. Circuit Court of Appeals
New York State
Interior
Gfishiere Tease Salesting
Natural Resources Defense Council
New Jersey
Northeast