Biden’s five-year offshore wind lease schedule underscores need for Gulf of Mexico oil and gas, NOIA says

April 24, 2024

(WO) – The National Ocean Industries Association (NOIA) President Erik Milito issued a statement after the U.S. Department of the Interior announced a new five-year offshore wind leasing schedule, which includes up to 12 potential offshore wind energy lease sales through 2028:

NOIA President Erik Milito

"Consistent and predictable lease sales are crucial for maintaining a steady flow of energy production. The announcement of a five-year offshore wind leasing schedule is a positive development, but it reinforces the pressing need for more offshore oil and gas lease sales. With potentially only three oil and gas lease sales scheduled over the next five years, Interior may struggle to comply with the Inflation Reduction Act and conduct offshore wind lease sales annually as contemplated in the new schedule—a crucial factor for supporting renewable energy growth along America’s coastlines.

"Any actions to delay or reduce Gulf of Mexico oil and gas lease sales could inadvertently delay offshore wind lease sales. Periods of inactivity in lease sales—whether for wind or oil and gas—only increase uncertainty and risk driving investment dollars overseas. Sustaining regular lease sales for all energy sources ensures energy continuity, promotes economic growth, and maintains America's competitiveness in the global energy market.

"The need for regular and increased opportunities for oil and gas and wind leases has never been more critical. We commend Interior's announcement and urge Congress to continue bipartisan efforts to legislate offshore lease sales for both oil and gas and wind energy at regular intervals."

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