The Fort Worth Press - To drill or not to drill: Biden to make decision on Alaska oil project

USD -
AED 3.67305
AFN 63.500068
ALL 79.869835
AMD 363.460172
ANG 1.790365
AOA 917.000203
ARS 1514.226905
AUD 1.406084
AWG 1.80125
AZN 1.698292
BAM 1.706252
BBD 2.014735
BDT 122.843521
BGN 1.683441
BHD 0.376975
BIF 3000
BMD 1
BND 1.274916
BOB 11.003708
BRL 5.1092
BSD 1.000301
BTN 95.56554
BWP 13.547596
BYN 3.03039
BYR 19600
BZD 2.011865
CAD 1.40745
CDF 2311.000191
CHF 0.820965
CLF 0.023993
CLP 947.430113
CNY 6.699799
CNH 6.69874
COP 3209.17
CRC 446.324973
CUC 1
CUP 26.5
CVE 96.197131
CZK 21.2815
DJF 177.719993
DKK 6.534525
DOP 59.250224
DZD 133.913705
EGP 51.547653
ERN 15
ETB 161.774656
EUR 0.87414
FJD 2.238205
FKP 0.747949
GBP 0.749995
GEL 2.595024
GGP 0.747949
GHS 11.570347
GIP 0.747949
GMD 73.497903
GNF 8757.500575
GTQ 7.633554
GYD 209.220461
HKD 7.843945
HNL 26.851323
HRK 6.587804
HTG 130.739368
HUF 316.359501
IDR 17826
ILS 3.014602
IMP 0.747949
INR 95.55785
IQD 1310.441394
IRR 1374849.999988
ISK 120.979944
JEP 0.747949
JMD 157.757218
JOD 0.70898
JPY 157.369501
KES 129.450262
KGS 87.450258
KHR 4052.000124
KMF 430.000514
KPW 900.000318
KRW 1357.790866
KWD 0.308601
KYD 0.833584
KZT 447.358319
LAK 22408.7241
LBP 89579.323882
LKR 329.228662
LRD 173.059223
LSL 16.226232
LTL 2.95274
LVL 0.60489
LYD 6.376417
MAD 9.55311
MDL 17.590327
MGA 4381.243184
MKD 53.670431
MMK 2099.019807
MNT 3596.806502
MOP 8.081186
MRU 40.053042
MUR 47.659781
MVR 15.459923
MWK 1734.612868
MXN 17.3004
MYR 4.075198
MZN 63.898252
NAD 16.225949
NGN 1323.820074
NIO 36.815543
NOK 9.446275
NPR 152.891351
NZD 1.74708
OMR 0.384488
PAB 1.000305
PEN 3.379266
PGK 4.456251
PHP 62.566032
PKR 277.214494
PLN 3.80185
PYG 5952.427688
QAR 3.636364
RON 4.612503
RSD 102.621036
RUB 84.248932
RWF 1476.460299
SAR 3.755168
SBD 8.026013
SCR 13.776759
SDG 601.502952
SEK 9.84912
SGD 1.27545
SHP 0.74758
SLE 24.64972
SLL 20969.491881
SOS 571.640424
SRD 37.739709
STD 20697.981008
STN 21.373953
SVC 8.752852
SYP 13002.000254
SZL 16.221592
THB 33.140026
TJS 9.227964
TMT 3.5
TND 2.947861
TOP 2.40776
TRY 48.819499
TTD 6.797006
TWD 31.686599
TZS 2645.003045
UAH 44.815682
UGX 3901.400648
UYU 40.165583
UZS 11818.48716
VES 851.341299
VND 26015
VUV 118.301728
WST 2.751033
XAF 573.398087
XAG 0.014921
XAU 0.000229
XCD 2.702551
XCG 1.802851
XDR 0.707052
XOF 573.398087
XPF 104.043167
YER 236.550186
ZAR 16.196498
ZMK 9001.201861
ZMW 19.481788
ZWL 321.999592
SSP 5712.529845
MXV 1.960886
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

To drill or not to drill: Biden to make decision on Alaska oil project
To drill or not to drill: Biden to make decision on Alaska oil project / Photo: © AFP

To drill or not to drill: Biden to make decision on Alaska oil project

US President Joe Biden is poised to decide whether to pull the plug on a massive oil drilling project on Alaska's North Slope or allow it to go ahead.

Text size:

With the decision imminent, environmentalists have ramped up pressure on the White House, urging Biden to live up to the climate change pledges he made during his campaign.

During the 2020 presidential race, the Democratic candidate vowed not to approve any new leases for oil and gas projects on federal lands.

But Biden has found himself stuck in the middle of a years-long battle over the so-called Willow Project, a plan by US energy giant ConocoPhillips to drill for oil in the federally-owned National Petroleum Reserve in Alaska's pristine western Arctic.

The Trump administration approved the Willow Project at the tail end of the former president's term but it was blocked by a judge for further review.

The Bureau of Land Management (BLM), in an environmental impact analysis in February, approved three drilling sites while striking down one and deferring consideration of another.

ConocoPhillips welcomed the BLM's assessment, saying it can "provide a viable path forward for development of our leasehold."

The Interior Department, which oversees the BLM, said, however, it has "substantial concerns" about the project "including direct and indirect greenhouse gas emissions and impacts to wildlife and Alaska Native subsistence."

Biden has described global warming as an existential threat and promoted the development of renewable energy sources.

Temperatures in Alaska have been rising faster than in other regions of the planet and environmental groups have warned that the oil extraction project would make things worse.

The Willow Project will add more than 250 million metric tons of carbon emissions to the atmosphere over the next 30 years, the Sierra Club said, equivalent to the annual emissions of 66 coal plants.

Greenpeace described it as a "carbon bomb."

A petition on Change.org seeking to halt the project has garnered more than three million signatures and a #StopWillow campaign on TikTok has drawn 150 million views.

- 180,000 barrels of oil per day -

Backers of the Willow Project defend it as a source of several thousand jobs and a contributor to US energy independence with production of 180,000 barrels of oil per day at its peak or some 576 million barrels over 30 years.

Alaska's two Republican senators and the state's sole member of the House, Mary Peltola, a native Alaskan and a Democrat, met with Biden last week to urge him to approve the project.

"We hope the President will listen to the voices of indigenous Alaskans who live on the North Slope, the voices of labor leaders and union workers who are ready to help build Alaska's economy (and) listen to the voices of national security officials underscoring the importance of Willow for American energy security," they said.

Peltola, in an opinion piece published in The Hill, said Alaskans "aren't blind to the impacts of climate change" but the Willow Project can serve as a bridge as the country transitions away from fossil fuels and towards renewable energy sources.

"At the same time, we can reduce America's dependence on foreign sources of oil -- which makes us all safer in a world that has grown more unpredictable after Russia invaded Ukraine," Peltola said.

Biden has pledged to cut greenhouse gas emissions in half by 2030 compared with 2005 with the goal of achieving a net zero emissions economy by no later than 2050.

H.M.Hernandez--TFWP