Aside from the local pushback in Oregon, there is a lack of interest from investors.
On Friday, the U.S. Department of Interior’s Bureau of Ocean Energy Management, or BOEM, said it was delaying the upcoming Oregon auction due to lack of interest. The agency said only one of the five companies eligible to bid was still interested…
Environmental groups, fishing industry representatives and local tribes praised Friday’s decision to cancel the planned Oct. 15 auction…
This is not the first time BOEM has canceled an offshore auction due to lack of interest from developers. Earlier this year, it canceled a sale set for the Gulf of Mexico. The agency said only one company expressed interest. It is not clear when BOEM might propose another lease sale in Oregon.
DB2