<p>President Joe Biden plans to implement a moratorium on new oil and gas leasing on federal land on Wednesday as his administration continues to crack down on fossil fuel development.</p>
<p>Biden is prepared to suspend issuing new drilling permits to oil companies for wells on federal land indefinitely while the Department of the Interior conducts a review of oil development’s impact on climate change, according to <a href="https://www.wsj.com/articles/biden-to-suspendnew-federal-oil-and-gas-leasing-11611672331?mod=article_inline">The Wall Street Journal</a>. While federal land only accounts for about 9% of onshore U.S. oil production, Biden’s order will have an outsized impact on states such as New Mexico where the federal government controls about a third of the state.</p>

Biden Continues Fossil Fuel Crackdown, Plans To Suspend New Oil Drilling Permits On Federal Land, Report Says

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Biden Continues Fossil Fuel Crackdown, Plans To Suspend New Oil Drilling Permits On Federal Land, Report Says