12:04 PM EST, 01/02/2025 (MT Newswires) -- President Joe Biden is preparing to issue an executive order permanently barring new offshore oil and gas development in some US coastal waters, Bloomberg reported Thursday, citing people familiar with the matter.

The outgoing president could issue the decree within days, Bloomberg reported, citing the people.

The White House did not immediately reply to a request for comment from MT Newswires.

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