A U.S. ban on new offshore drilling in the Gulf of Mexico, which presidential hopeful Joe Biden promised to enact if elected, would lead to hundreds of thousands of job losses and billions in lost government revenue over 20 years, an offshore drilling industry group said on Tuesday. The report by the Washington-based National Ocean Industries Association comes as Biden and other Democrats hoping to unseat Republican President Donald Trump in November’s election have vowed to shift the country away from planet-warming fossil fuels to help avert the worst impacts of climate change. “It’s important for the public and policymakers to understand the ramifications, which are severe,” NOIA President Erik Milito said in an interview about the study. Biden has said that moving away from fossil fuels would pave the way for big job gains in renewable energy. NOIA said it conducted research on the economic impact […]