Trump auctions off rights to drill in Alaska wildlife refuge, but gets few bidders
Summary
The Trump administration held an auction to sell rights for oil drilling in a protected wildlife area in Alaska. Out of about 60 pieces of land offered, only five areas received bids, with just two companies participating.Key Facts
- The auction was run by the Trump administration.
- It involved leasing land in an Alaska wildlife refuge for oil drilling.
- Approximately 60 land tracts were available for bidding.
- Only five of these land tracts received any bids.
- Two companies participated as bidders.
- One of the companies bidding was called HEX Energy.
- The wildlife refuge involved is a pristine, protected area.
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