Alaska Oil Reserve Opened to Exploitation
The United States today opened large swaths of an Alaskan oil reserve for exploration in an effort to reduce the country's dependency on foreign oil.
Interior Secretary Gale Norton signed a document finalising the Bureau of Land Management's plan to make 2.89 million hectares of land in the north-west portion of the National Petroleum Reserve-Alaska available for energy leasing.
The leases will be subject to "strict environmental standards" and the plan includes provisions to protect water, vegetation and wildlife, the Bureau of Land Management said in a statement.
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