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Biden administration to offer Arctic drilling leases in January auction

The U.S. Interior Department said the Biden administration will offer oil and gas drilling leases in Alaska's Arctic National Wildlife Refuge at a sale on January 9 .

The agency will make 400,000 acres available to drillers at the auction, the minimum required by a 2017 law that mandated the sale.

ANWR is a 19-million-acre refuge for species including polar bears and Porcupine caribou.

 The wild landscape lacks roads and public facilities, but its 1.6-million-acre coastal area along the Beaufort Sea is estimated to have up to 11.8 billion barrels of recoverable oil.



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