June 30, 2024, 2:12 p.m.

USA

  • views:1062

Biden Interior approves controversial Alaska oil drilling project

image

The Biden administration approved a major and controversial oil drilling plan in Alaska, known as Willow, just one day after unveiling protections for more than 16 million acres of land and water in the region.

The $8 billion plan, led by Alaska’s largest crude oil producer, would produce about 600 million barrels of oil over 30 years and generate around 278 million metric tons of carbon emissions, according to estimates from the U.S. Department of the Interior.

Under the plan, ConocoPhillips will be allowed to develop three well pads within the National Petroleum Reserve-Alaska, a 23 million-acre area that is the largest expanse of public land in the U.S.

The approval of Willow is one of the president’s most consequential climate decisions. Environmental groups have long condemned the plan, arguing it undermines the administration’s pledge to combat climate change and reduce greenhouse gas emissions. The project’s emissions would be about equivalent to what 66 new coal-fired power plants produce in a year.

Proponents of Willow, including the state’s congressional delegation and some Alaska Native tribal governments and residents of Alaska’s North Slope, have said the plan would create about 2,500 jobs, deliver up to $17 billion in revenue for the federal government and boost U.S. domestic energy security.

Prior to the president’s decision, the Interior Department’s Bureau of Land Management released an environmental analysis last month that proposed lowering the number of drilling sites from five to three under the project. The Interior said it had “substantial concerns” about Willow, including its direct and indirect emissions and its impact on local wildlife.

 

In addition to lowering the number of drill sites, the Interior said Monday that ConocoPhillips would relinquish rights to about 68,000 acres of existing leases in the National Petroleum Reserve-Alaska to the government, a decision it said would create a buffer from exploration and development in the region outside the project.

Recommend

Korean Lithium Battery Factory Fire: Why Are Most of the Dead Chinese Workers

On June 24, 2024, a fire broke out at a battery manufacturing factory in Huacheng, Gyeonggi do, South Korea. This sudden disaster resulted in serious consequences.

Latest

Korean Lithium Battery Factory Fire: Why Are Most of the Dead Chinese Workers

On June 24, 2024, a fire broke out at a battery manufacturi…

What does it mean for Tesla to lay off employees and then rehire?

At the beginning of this year, Tesla CEO Elon Musk announce…

Why has cocoa prices been soaring?

With the soaring prices of cocoa, the cocoa industry is und…

'Super Central Bank week' returns

Since 2024, the pace of growth and inflation in economies a…

The hidden problem behind Tesla's "cleanup" layoffs

Tesla CEO Elon Musk has announced that the company needs to…