CBS report:

  • Biden administration has cancelled one of the most high-profile oil and gas lease opportunities pending before the Interior Department.
  • The decision, which halts the potential to drill for oil in over 1 million acres in the Cook Inlet in Alaska
  • In a statement shared first with CBS News, the Department of the Interior cited a "lack of industry interest in leasing in the area" for the decision to "not move forward" with the Cook Inlet lease sale.