President Donald Trump would “absolutely” allow drilling on an area off the Alaska coast and allow drilling off the coast of the Bering Sea, according to the administration of President Donald J. Trump.
In a Wednesday press briefing, the White House said the president would consider drilling off of Bering, a Russian Arctic archipelago, as part of the U.S. strategy to protect Arctic resources.
But the White Houses statement did not include details of any environmental reviews and did not say if the drilling would be permitted under the U:B.
In late April, Trump signed the Arctic Oil Spill Liability Trust Fund Act, which authorizes U.N. and international financial support to companies in need of relief from liability for oil spills on the Basking Ridge, a section of the Alaska Peninsula in the Chukchi Sea.
Under the act, oil companies would be allowed to borrow against the value of their reserves, which could include drilling and seismic testing in the region.
“I would look at drilling off Bering,” Trump said at a news conference.
“The Arctic is a resource that we have, and we need to make sure that we don’t put that in jeopardy.”
But the administration did not provide any details on the drilling plans.
In September, the U.:B.C.:A.M.T., a group of Arctic nations, signed the North American Free Trade Agreement (NAFTA), which allows U.K.-based companies to buy Canadian oil.
U.B.T.:A:M. T. and its allies also signed the Outer Continental Shelf Lands Agreement, which allows companies to lease some areas of the Arctic for oil exploration.
The agreement also provides that the United States would be able to impose tariffs on Arctic-based companies that do not meet the requirements of the trade agreement.
Trump, however, has not signed the trade agreements.