Judge Feldman Rejects Appeal of His Ruling on Gulf Drilling Ban

offshore oil rigTwo days after rescinding an Obama administration moratorium on new deepwater oil drilling in the Gulf of Mexico, U.S. District Judge Martin Feldman again rejected the government. This time he denied the Justice Department's appeal of the ruling.

"The defendants' motion to stay pending appeal is hereby denied for the same reasons given in this court's June 22, 2010, order granting the plaintiffs' motion for preliminary injunction," Feldman wrote in his ruling. On June 22, Feldman called the administration's ban arbitrary and said it would cause "irreparable harm" to offshore oil-service companies.

As a result, the Interior Department's decision to halt approval of new permits for deepwater projects and suspend drilling on 33 exploratory wells cannot be enforced. It is now expected that Interior Secretary Ken Salazar will follow up on his plans to issue a new order that makes a better case for imposing a moratorium. He announced his plans to do so Tuesday night after Feldman rejected the first order.
Read Full Story


NASDAQ 7,336.38 40.33 0.55%
S&P 500 2,810.30 12.27 0.44%
DJIA 26,071.72 53.91 0.21%
NIKKEI 225 23,808.06 44.69 0.19%
HANG SENG 32,254.89 132.95 0.41%
DAX 13,434.45 153.02 1.15%
USD (per EUR) 1.22 0.00 -0.09%
USD (per CHF) 0.96 0.01 0.59%
JPY (per USD) 110.76 0.02 0.01%
GBP (per USD) 1.39 0.00 0.01%

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.