Us Congress Senate Bill SB5588

Us Congress 2023-2024 Regular Session

Caption

A bill to prohibit drilling in the outer Continental Shelf, to prohibit coal leases on Federal land, and for other purposes.

Impact

If passed, the bill would amend existing federal regulations to disallow the issuance of new leases for fossil fuel extraction, including coal, oil, and natural gas. It would also mandate the cancellation of any previously issued leases within a specified timeframe. This measure aligns with growing public and governmental awareness of climate issues, emphasizing the need for aggressive policies to keep fossil fuels in the ground as part of efforts to limit global temperature increases.

Summary

SB5588, known as the 'Keep It in the Ground Act of 2024', seeks to prohibit drilling in the outer Continental Shelf and to halt coal leases on Federal land. The bill acknowledges the urgent need to address climate change, citing substantial increases in global temperatures resulting from fossil fuel consumption. The legislation's authors advocate for significant changes in energy policy to promote environmental sustainability by preventing the exploitation of fossil fuel reserves on federal lands and waters.

Contention

Critics of SB5588 may point to the potential economic ramifications of such restrictions, particularly in regions reliant on fossil fuel industries for employment. Debate surrounding the bill could center on the balance between environmental imperatives and economic growth, as well as concerns regarding the nationwide energy supply. Furthermore, the provision allows for exemptions in cases of national security, which may introduce complexities concerning the bill's enforcement and application.