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Interior Dept. moves to sell oil drilling rights in Alaska wildlife refuge

A polar bear cub in 2014 in the Arctic National Wildlife Refuge in North Slope, Alaska. Photo: Steven Kazlowski/Barcroft Medi via Getty Images

Interior Secretary David Bernhardt said Saturday that the Trump administration is "about to finalize a leasing plan" to sell rights for oil drilling in Alaska's Arctic National Wildlife Refuge, Bloomberg reports.

The intrigue: Some of America's biggest banks are cutting off financing for Arctic oil and gas projects.

Details: The Interior Department completed an environmental study of drilling in the Arctic refuge last year, per Bloomberg. Formal conditions for guiding development on leases sold in the region are still being developed.

Go deeper: A new phase in the Arctic drilling battle

Go deeper

Courtenay Brown
2 hours ago - Economy & Business

Janet Yellen is back

Photo illustration: Sarah Grillo/Axios. Photo: Hannelore Foerster/Getty Images

A face familiar to Wall Street is back as a central player that this time will need to steer the country out of a deep economic crisis.

Driving the news: President-elect Joe Biden is preparing to nominate former Fed chair Janet Yellen to be Treasury secretary.

Go deeper (2 min. read)Arrow
Mike Allen, author of AM
2 hours ago - Politics & Policy

Charles Koch: I "screwed up"

In his first on-camera interview in four years, Charles Koch told "Axios on HBO" that he "screwed up by being partisan," rather than approaching his network's big-spending political action in a more nonpartisan way.

Why it matters: Koch — chairman and CEO of Koch Industries, which Forbes yesterday designated as America's largest private company — has been the left's favorite face of big-spending political action.

Go deeper (2 min. read)Arrow
Caitlin Owens, author of Vitals
3 hours ago - Health

What overwhelmed hospitals look like

A healthcare professional suits up to enter a COVID-19 patient's room in the ICU at Van Wert County Hospital in Ohio. Photo: Megan Jelinger/AFP

Utah doctors are doing what they say is the equivalent of rationing care. Intensive care beds in Minnesota are nearly full. And the country overall continues to break hospitalization records — all as millions of Americans travel to spend Thanksgiving with friends and family.

Why it matters: America's health care workers are exhausted, and the sickest coronavirus patients aren't receiving the kind of care that could make the difference between living and dying.

Go deeper (1 min. read)Arrow