President Obama's action protects the fragile Arctic Ocean from an oil industry free-for-all.
“With this action, President Obama is protecting the extraordinary Arctic Ocean ecosystem while preventing an oil industry free-for-all in the Chukchi and Beaufort seas. Last week’s Arctic lease sales made abundantly clear that industry will have plenty of access to Arctic oil reserves. However, some places are too special and deserve permanent protection.”
For more information, see TWS’ blog post here.