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Ban on New Fossil Fuel Extraction on Federal Lands and Waters.

This law immediately and permanently bans the issuance of new leases for oil, gas, and coal extraction across all federal waters and federal lands. The stated goal is to combat climate change by keeping significant fossil fuel reserves untapped. Citizens may see long-term shifts in energy policy and an accelerated transition toward clean energy sources.
Key points
Stopping Offshore Drilling: The government will not issue new permits for oil and gas exploration or production in any federal ocean waters (including the Atlantic, Pacific, and Gulf of Mexico).
Ending Onshore Leases: New leases for coal, oil, and gas extraction on federal lands are prohibited, including renewing unused existing leases.
Cancellation of Existing Leases: Certain existing, non-producing leases in specific Arctic waters (Beaufort Sea, Cook Inlet, Chukchi Sea) must be canceled within 60 days.
Exceptions: Temporary exceptions are allowed only for imminent national security threats or to prevent a material breach of pre-existing contracts.
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Additional Information
Print number: 118_S_5588
Sponsor: Sen. Merkley, Jeff [D-OR]
Process start date: 2024-12-18