"No companies bid for the chance to drill in more than 1 million acres of water off Alaska’s Cook Inlet, the Interior Department said Wednesday."

"The Trump administration did not receive a single bid for its offer of new offshore oil and gas exploration opportunities in Alaska’s Cook Inlet, dealing a blow to President Trump’s ‘drill, baby drill,’ agenda.

The attempted sale of rights to drill in more than 1 million acres was the first of six offshore oil and gas auctions in Alaska that Republicans mandated last year when they passed Mr. Trump’s sweeping tax law.

It was seen as a key test of the industry’s appetite for investment in a state that Mr. Trump has called a “natural resource warehouse,” and essential for his “energy dominance” agenda of maximizing domestic production of oil, natural gas and coal. On Wednesday, though, the Interior Department’s Bureau of Ocean Energy Management acknowledged that no drilling companies submitted bids.

“This is a huge embarrassment for Trump’s Alaska fossil fuel fantasy,” said Cooper Freeman, the Alaska director of the Center for Biological Diversity, an environmental group."

Lisa Friedman reports for the New York Times March 4, 2026. [2]