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Alaskan Oil Lease Sale Brings Few Bids Despite Vast Territory Offered

An oil-and-gas lease sale that raised concerns with environmentalists due to the vast amount of acres offered in Arctic Alaska drew few bids on Wednesday, government officials said.

Seven bids were received, covering about 80,000 acres – or less than 1 percent of the 10.3 million acres offered in the National Petroleum Reserve in Alaska by the Trump administration. It was, by far, more territory than ever offered in any of the previous 12 NPR-A lease sales held since 1999.

The sale was the latest move by the administration of President Donald Trump, a Republican, supporting his pledge to make the United …read more