BILLINGS, Mont. (AP) — The Biden administration has suspended new oil and gas leasing and drilling by the U.S. government for 60 days as part a review of programs at the Department of Interior.
The move follows President Joe Biden's campaign pledge to halt new drilling and end the leasing of publicly owned energy reserves as part of his plan to address climate change.
The suspension went into effect immediately under an order signed Wednesday by Acting Interior Secretary Scott de la Vega. It drew a quick backlash from the oil industry.
The order also blocks approval of new mining plans, land sales or exchanges and the hiring of senior-level staff at the agency.
7 Food Stocks That Are Leading Through Innovation
It might be easy to dismiss food stocks with so many restaurants still struggling to recover from the global pandemic. But food stocks are a broad category that includes not only the way food is consumed but the way it’s made. In 2020, sustainability and a focus on climate change continue to be important trends in this sector.
Another trend to look at is the ability of companies to deliver food to consumers. It’s not surprising that some of the biggest winners in the pandemic are the restaurants that already had a strong digital presence. Consumers' ability to have a contactless experience from start to finish has been a catalyst for some stocks.
Not surprisingly, those are also the trends that create an opportunity for investors looking to dabble in food stocks. As you look to resetting your portfolio for 2021, it may be time to take a bite out of some of these stocks.
With that in mind, we’ve put together this special presentation that identifies seven food stocks that you should consider adding to your portfolio. In addition to gaining exposure to this sector, some of these stocks present the opportunity for industry-beating gains.
View the "7 Food Stocks That Are Leading Through Innovation".