The lease sales will not cover Republicans’ proposed tax cuts that Trump promised, but cost the country and The State of Alaska millions.
- In mid-November, the Trump administration launched the formal process of selling oil drilling leases in Alaska’s Arctic National Wildlife Refuge.
- Every major bank in the U.S. has ruled out financing oil and gas exploration in the Arctic.
- With few bids from oil companies, the State of Alaska was forced to lease the lands itself !
Coupled with the stance of Lloyd’s of London to not insure nor fund new fossil fuels investments, means – in advance – this auction seems to be more about far-right political theater than actual fossil fuel production.
More about attempts to unite all the dinosaurs of tradition and the past in waging a cultural war against climate science and climate activists. And against the youth, like Greta, Anuna, Luisa, Alexandria, and others. That was its real purpose.