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France 24

Business

Charles PELLEGRIN

White House cancels Alaskan oil leases awarded in final days of Trump presidency

Donald Trump White House Oil Joe Biden China Semiconductor Taiwan

BUSINESS DAILY © FRANCE 24

The Biden administration has scrapped oil leases in Alaska's Arctic National Wildlife Refuge on the basis of "legal deficiencies". The leases awarded by the Trump administration had been widely criticised by environmental groups. However, the White House's move comes after it approved an oil drilling project in another Alaskan reserve a few months ago. Also in this edition, China's trade slump persists and our Taiwan correspondent Lucie Barbazanges meets with insiders from the semiconductor industry.

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