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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

DOJ cites discrimination in lawsuit against Texas over voting districts

Attorney General Merrick Garland delivers remarks at the 2021 Tribal Nations Summit at the Eisenhower Executive Office Building on Nov. 15, 2021. Photo: Alex Wong/Getty Images

The Department of Justice on Monday filed a lawsuit against Texas, alleging Republican state lawmakers discriminated against Black and Latino voters and "again.. diluted the voting strength of minority Texans" when they approved new redistricting maps.

Why it matters: A DOJ assessment of the new districts found that they violate Section 2 of the Voting Rights Act, Attorney General Merrick Garland said at a press conference.

1 hour ago - World

Biden to warn Putin U.S. will add troops in Eastern Europe if Russia invades Ukraine

Putin meets Biden in Geneva. Photo: Peter Klaunzer - Pool/Keystone via Getty

President Biden will warn Russian President Vladimir Putin when they speak on Tuesday that if Russia invades Ukraine, the U.S. is prepared to increase its troop presence, capabilities and military exercises on NATO's "eastern flank," a senior administration official told reporters.

Why it matters: The administration believes it's increasingly likely that Putin will order an invasion.

2 hours ago - World

U.S. announces diplomatic boycott of Beijing Winter Olympics

An Olympic-themed sculpture in Beijing on Dec. 1. Photo: Hou Yu/China News Service via Getty Images

The U.S. announced Monday that it will not send officials to the 2022 Beijing Winter Olympics in protest of human rights abuses committed by the Chinese Communist Party.

Why it matters: The diplomatic boycott — which won't prevent American athletes from competing — marks a major escalation between the U.S. and China amid already heightened tensions over the CCP's treatment of Muslim minorities, military threats to Taiwan and economic tariffs.