The Interior Department on Friday announced its final drilling plan for offshore oil and gas leasing over the next five years, setting three further lease sales between 2024 and 2029. The federal government is required to lease at least 60 million acres for oil and gas exploration as a condition of issuing offshore wind power leases under the provisions of the Inflation Reduction Act (IRA). In the final plan, the department set a lease sale in the Outer Continental Shelf for 2025, with another to follow in 2027 and a third in 2029. Industry trade group the American Petroleum Institute criticized the plan as a “step in the wrong direction” in a statement. “Simply put, this fina
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