Winning bidder returns ANWR lease for a refund

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...

 

Reader Comments(0)