Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Investing

New US Interior Secretary Moves to Expand Alaska Energy Development

by Invest Daily Pro
February 7, 2025
in Investing
0
New US Interior Secretary Moves to Expand Alaska Energy Development
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Former North Dakota Governor Doug Burgum took the oath of office to become the 55th US secretary of the interior on Saturday (February 1), vowing to prioritize domestic energy expansion, particularly in Alaska.

On his first day in office, Burgum wasted no time in advancing the administration’s energy agenda, signing six Secretary’s Orders designed to bolster US energy independence and expand resource development, particularly in Alaska.

“Today marks the beginning of an exciting chapter for the Department of the Interior,” Burgum said in a Monday (February 3) press release. “We are committed to working collaboratively to unlock America’s full potential in energy dominance and economic development to make life more affordable for every American family while showing the world the power of America’s natural resources and innovation.”

His swift actions align with the Trump administration’s revitalized efforts to reverse environmental and regulatory policies enacted under Joe Biden. Among the most consequential of his directives is Secretary’s Order 3422, which implements Executive Order 14153, titled “Unleashing Alaska’s Extraordinary Resource Potential.”

This order prioritizes resource extraction in Alaska, and rescinds previous restrictions that limited oil, gas and mineral production in the state. Specifically, Secretary’s Order 3422 directs the Department of the Interior to maximize natural resource production on both federal and state lands in Alaska. This includes oil and gas extraction and timber harvesting.

A key component of this shift is the revocation of Secretary’s Order 3401, which was issued in June 2021. It placed a temporary moratorium on activities in the Arctic National Wildlife Refuge Coastal Plain Oil and Gas Leasing Program.

The new order reinstates Secretary’s Order 3352, originally issued in May 2017, which prioritized energy development in the National Petroleum Reserve-Alaska (NPR-A). The reversal means that federal agencies must immediately reevaluate existing restrictions on leasing and permitting for oil and gas extraction in Alaska.

Additionally, Burgum’s order requires a review of all punitive restrictions that have hindered energy development in the state. Agencies must submit plans within 15 days outlining how they will execute the administration’s energy goals.

By reinstating Secretary’s Order 3352, the interior department is once again prioritizing the NPR-A for oil and gas leasing. The NPR-A is one of the largest oil-rich federal land reserves in the US, containing an estimated 8.7 billion barrels of recoverable oil and 25 trillion cubic feet of natural gas, according to government assessments.

Burgum’s order also emphasizes Alaska’s potential as a major liquefied natural gas (LNG) hub. The order includes provisions for fast-tracking pipeline infrastructure and transportation networks to support the state’s LNG industry.

To facilitate these efforts, the order mandates expediting the permitting and leasing process for new energy and natural resource projects in Alaska, and prioritizing infrastructure projects that are necessary for transporting resources.

The directive is expected to accelerate investments in Alaska’s energy sector, encouraging private companies to expand operations in the North Slope, the Cook Inlet and offshore areas.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

ShareTweetPin

Related Posts

Operational Update
Investing

Operational Update

June 4, 2025
Triumph Gold Announces the Acquisition of the Coyote Knoll Silver-Gold Mineral Property – Located in Central Utah
Investing

Triumph Gold Announces the Acquisition of the Coyote Knoll Silver-Gold Mineral Property – Located in Central Utah

June 4, 2025
5 Biggest Blockchain ETFs in 2025
Investing

5 Biggest Blockchain ETFs in 2025

June 4, 2025
Operational Update
Investing

Operational Update

June 4, 2025
Top 10 Uranium-producing Countries
Investing

Top 10 Uranium-producing Countries

June 3, 2025
Development update – Collie graphite micronising facility
Investing

Development update – Collie graphite micronising facility

June 3, 2025
Next Post
Almonty Pens Molybdenum Offtake Deal with SpaceX Contractor SeAH

Almonty Pens Molybdenum Offtake Deal with SpaceX Contractor SeAH

Recommended

D&L’s Chemrez plans capacity boost for coco-biodiesel

D&L’s Chemrez plans capacity boost for coco-biodiesel

September 30, 2024
ChatGPT inventor set to receive $10bn as OpenAI shifts from non-profit status

ChatGPT inventor set to receive $10bn as OpenAI shifts from non-profit status

September 27, 2024
DanceSyndrome and NHS England partner to showcase importance of Learning Disability Nurses

DanceSyndrome and NHS England partner to showcase importance of Learning Disability Nurses

September 23, 2024
Infra damage hits P4B

Infra damage hits P4B

August 5, 2024
Mod GRF 1-29 Peptide in Research: Unraveling Its Mechanisms and Implications

Mod GRF 1-29 Peptide in Research: Unraveling Its Mechanisms and Implications

September 16, 2024
Experience Autumn Flavours: Meatballs with Rice in a Cardamom Scented Soup

Experience Autumn Flavours: Meatballs with Rice in a Cardamom Scented Soup

November 15, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Thank you

    Copyright © 2025 investdailypro.com | All Rights Reserved