Offshore Oil and Gas Industry Challenged By Lawsuits and Bankruptcies
One thing Democrats and Republicans in many southern states seem to agree on is that they don’t want oil and gas drilling off their coastlines. The Hill reported that last week the State of North Carolina sued the federal government for its continuing to prepare for offshore leasing in the Atlantic just off their coast. And in Florida, while President Trump has promised that he will not pursue oil and gas drilling there, even outgoing Republican Congressman Francis Rooney is worried about the President going back on his word if he is re-elected.
Why This Matters: The President’s fossil fuel commitments are hard to deny, even as he promises Florida a reprieve.
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