Jul 12, 2010 5:00 PM by Melissa Canone
WASHINGTON (AP) - The Obama administration is issuing a new
moratorium on deep-water offshore drilling and it's no longer based
on water depth.
Interior Secretary Ken Salazar made the announcement Monday,
arguing that a pause is still needed to ensure that oil and gas
companies implement safety measures to reduce risks - and are
prepared to handle spills.
The new moratorium will last through Nov. 30. Unlike the last
moratorium, which applied to waters of more than 500 feet, the new
one applies to any deep-water floating facility with drilling
Last week, a federal appeals court rejected the government's
effort to halt the approval of any new permits for deep-water
projects and suspended drilling on 33 exploratory wells.
2 hours ago