Biden Administration releases five-year offshore drilling plan

(KYMA, KECY/ CNN) - The Biden Administration has released its proposed five-year plan for offshore oil and gas drilling lease sales in federal waters.

The plan would mainly limit drilling to the Gulf of Mexico, where most drilling already happens.

It comes as the Administration is caught between political pressure over high gas prices and its commitment to reduce fossil fuel greenhouse gas emissions.

The plan also comes after the Supreme Court ruled the Clean Air Act doesn't give the EPA broad authority to regulate greenhouse gas emissions from power plants.

The five-year drilling plan doesn't rule out new offshore drilling.

But it proposes options ranging from no new drilling to 10 lease sales in the Gulf of Mexico and one proposed sale in waters off Alaska.