Obama prepares to block new Atlantic, Arctic drilling -Bloomberg

Bloomberg reports Canada and the United States may make similar Atlantic and Arctic drilling announcements around the same time. ArcticJournal.com photo.

Atlantic, Arctic drilling rights block could come as early as Tuesday

Dec 19 (Reuters) – U.S. President Barack Obama is preparing to block the sale of new offshore drilling rights in much of the U.S. Arctic and parts of the Atlantic, Bloomberg reported, citing two people familiar with the decision.

Obama’s move, which could come as soon as Tuesday, will give him the liberty to withdraw U.S. waters from future oil and gas leasing, Bloomberg said on Monday.

It said Obama was expected to invoke a provision in a 1953 law that had been used sparingly until now to preserve coral reefs and marine sanctuaries.

Related actions by Canada may be announced around the same time, Bloomberg added.

The White House declined to comment.

(Reporting by Anya George Tharakan in Bengaluru; Additional reporting by Emily Stephenson in Honolulu; Editing by Peter Cooney)