16 Jan 2025

🌍BLM Announces Environmental Impact Statement for Oil and Gas Leasing

Intent To Prepare an Environmental Impact Statement for the Oil and Gas Leasing Decisions in Seven States From February 2015 to December 2020

Summary

The Bureau of Land Management (BLM) intends to prepare an Environmental Impact Statement (EIS) for approximately 3,224 oil and gas leases sold in Colorado, Montana, New Mexico, North Dakota, South Dakota, Utah, and Wyoming and issued pursuant to 74 individual lease sale decisions. The EIS will provide a comprehensive analysis of the potential environmental impacts from these leases, which have been remanded to BLM for further review, including the impacts of greenhouse gas emissions (to include the social cost of carbon) and other common impacts.

Agencies

  • Interior Department
  • Land Management Bureau

Business Impact ?

$$ - Med

The text outlines the BLM's intent to prepare an Environmental Impact Statement (EIS) for oil and gas leases, which affects compliance and regulatory requirements for affected businesses in the sector. It indicates potential delays, costs, and new analytical considerations regarding greenhouse gas emissions that must be addressed by companies holding these leases.

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