ANCHORAGE (AP) — The only oil company to bid in last year’s controversial federal lease sale for the Arctic National Wildlife Refuge has canceled the lease it bought and asked for a refund of its almost $800,000 payment.
Regenerate Alaska, a subsidiary of Australia-based 88 Energy, was one of three bidders that won leases during the rushed sale held in the waning days of the Trump administration. It was the first-of-its-kind sale for the refuge’s coastal plain.
Activity on the leases has been held up by a Biden administration environmental review.
The other winning bidders were an Alaska real...
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