Commodities and Futures News

Trump repeals 2023 memo barring Arctic oil drilling in some 16 million acres

01/20/2025

Less than a minute

2025.01.20 20:40

By Jarrett Renshaw

© Reuters. U.S. President Donald Trump signs the first executive order during the inaugural parade inside Capital One Arena on the inauguration day of his second presidential term, in Washington, U.S. January 20, 2025. REUTERS/Carlos Barria

(Reuters) – President Donald Trump signed an executive order on Monday repealing a 2023 memo from former President Joe Biden that barred oil drilling in some 16 million acres in the Arctic, the White House announced.

Trump repealed dozens of actions taken by Biden, including the oil drilling ban, in his first day in office.

01/20/2025

Less than a minute

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