Biden’s order — the largest such mineral withdrawal in U.S. history — permanently protects coastal waters spanning the entire Atlantic and Pacific coasts, as well as the eastern Gulf of Mexico and 44 million acres of the Northern Bering Sea, off the coast of western Alaska.

A ban on installing fossil fuel heating systems in new-build properties begins on the Isle of Man.

President Joe Biden's move to protect offshore areas is largely symbolic, but the economic factors that may limit oil output gains are very real.