Keep It in the Ground Act of 2023

The Keep It in the Ground Act of 2023 prohibits the U.S. government from issuing new leases or renewing/reinstating nonproducing leases for fossil fuels (including oil, gas, coal, tar sands, and oil shale) on federal lands and waters. It specifically bans new offshore leasing in the Arctic, Atlantic, Pacific, and Gulf of Mexico oceans, as well as onshore leasing under the Mineral Leasing Act. The bill directly affects fossil fuel companies seeking federal leases by blocking new development and preventing extensions of inactive leases. Key provisions require the Secretary of the Interior to cancel certain existing offshore leases in the Beaufort Sea, Cook Inlet, and Chukchi Sea within 60 days of enactment. Exceptions only apply for imminent national security threats or to avoid breaching existing lease contracts.