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Obama and Trudeau put majority of US and Canadian Arctic water off-limits to offshore oil and gas leasing

Green Car Congress

US President Obama and Canadian Prime Minister Trudeau jointly announced sweeping restrictions to offshore oil and gas leasing in the US and Canadian Arctic waters. Obama designated the vast majority of US waters in the Chukchi and Beaufort Seas as indefinitely off limits to offshore oil and gas leasing.

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President Obama proposes 50% increase in spending on clean transportation, funded by $10/barrel tax on oil

Green Car Congress

President Obama has laid out a plan for building a “21st Century Clean Transportation System”, the investment for which would be funded by a new $10 per barrel fee on oil paid by oil companies, which would be gradually phased in over five years.

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Obama Proposes $10 Per Barrel Tax On Oil To Fund U.S. Transportation Needs

Green Car Reports

president Barack Obama will propose a tax of $10 per barrel on oil in the 2017 budget he will submit to Congress next week. According to the White House, its goal is to create "a clear incentive for private-sector innovation to reduce our reliance on oil, and at the same time invests in clean energy.

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Obama: Use Oil & Gas Lease Dollars To Fund Gasoline-Free Cars

Green Car Reports

The sequester is now with us, and Congress has lower approval ratings than South American death squads, but President Obama is doggedly pursuing his green agenda nonetheless.

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Obama Administration recommends designating most of Arctic National Wildlife Refuge as Wilderness

Green Car Congress

This area of the coastal plain, also known as the “1002 Area,” was opened to limited oil and gas exploration. With the submission of the report, the statutory authority to permit exploratory activity on the Refuge’s coastal plain expired, and Congress made no provisions for any further reports or for any additional exploratory activities.

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Obama Administration to offer 40 million acres in the Gulf of Mexico for oil and gas development

Green Car Congress

Beaudreau announced that Interior will offer more than 40 million acres for oil and gas exploration and development in the Gulf of Mexico in March lease sales. BOEM estimates the proposed sale could result in the production of approximately 1 billion barrels of oil and 4 trillion cubic feet of natural gas. billion in high bids.

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Obama sets goal of reducing US oil imports by 1/3 by 2025; domestic and Western Hemisphere production, natural gas, biofuels, electric vehicles, fleet purchases

Green Car Congress

Obama was delivering a speech on energy policy at Georgetown University. Meeting the goal of cutting US oil dependence depends largely on two things, Obama said: finding and producing more oil at home, and reducing dependence on oil with cleaner alternative fuels and greater efficiency.

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