The Fort Worth Press - Biden administration approves Alaska oil drilling project

USD -
AED 3.67305
AFN 63.502642
ALL 82.257093
AMD 368.06994
ANG 1.790403
AOA 917.999742
ARS 1461.519193
AUD 1.428194
AWG 1.8
AZN 1.695732
BAM 1.707839
BBD 2.014862
BDT 122.896637
BGN 1.69088
BHD 0.37695
BIF 2985
BMD 1
BND 1.293759
BOB 6.91239
BRL 5.157899
BSD 1.000358
BTN 94.655909
BWP 13.576786
BYN 2.799012
BYR 19600
BZD 2.011981
CAD 1.41612
CDF 2265.000306
CHF 0.80895
CLF 0.023033
CLP 906.530329
CNY 6.769596
CNH 6.77754
COP 3446.13
CRC 453.811158
CUC 1
CUP 26.5
CVE 96.285333
CZK 21.169006
DJF 177.720283
DKK 6.53933
DOP 58.479379
DZD 133.523192
EGP 49.7701
ERN 15
ETB 161.283979
EUR 0.87491
FJD 2.24775
FKP 0.755695
GBP 0.755005
GEL 2.650427
GGP 0.755695
GHS 11.229578
GIP 0.755695
GMD 73.495715
GNF 8765.357714
GTQ 7.628428
GYD 209.275317
HKD 7.83985
HNL 26.762371
HRK 6.591987
HTG 130.677006
HUF 308.224498
IDR 17843
ILS 2.97135
IMP 0.755695
INR 94.58075
IQD 1310.524891
IRR 1374999.999926
ISK 125.989821
JEP 0.755695
JMD 158.06984
JOD 0.708999
JPY 161.517022
KES 129.439758
KGS 87.449795
KHR 4016.800706
KMF 429.499605
KPW 900.00035
KRW 1537.02501
KWD 0.30866
KYD 0.833661
KZT 487.587213
LAK 22093.277098
LBP 89584.959701
LKR 334.503445
LRD 182.07459
LSL 16.436923
LTL 2.952741
LVL 0.60489
LYD 6.386739
MAD 9.325876
MDL 17.591841
MGA 4219.387176
MKD 53.934521
MMK 2099.917974
MNT 3579.231668
MOP 8.077961
MRU 40.000349
MUR 47.809814
MVR 15.459635
MWK 1736.000081
MXN 17.35533
MYR 4.149699
MZN 63.899865
NAD 16.436923
NGN 1366.730165
NIO 36.814852
NOK 9.695201
NPR 151.449105
NZD 1.75035
OMR 0.384503
PAB 1.000358
PEN 3.385028
PGK 4.456902
PHP 61.1365
PKR 278.233656
PLN 3.74035
PYG 6098.551332
QAR 3.646906
RON 4.582895
RSD 102.696018
RUB 74.250968
RWF 1465.171718
SAR 3.753791
SBD 8.061424
SCR 13.674406
SDG 600.500641
SEK 9.61687
SGD 1.29338
SHP 0.746601
SLE 24.749989
SLL 20969.503664
SOS 571.695527
SRD 37.430496
STD 20697.981008
STN 21.39383
SVC 8.753133
SYP 110.532098
SZL 16.433081
THB 32.939705
TJS 9.278635
TMT 3.5
TND 2.957937
TOP 2.40776
TRY 46.4577
TTD 6.784027
TWD 31.642501
TZS 2628.232027
UAH 44.991835
UGX 3651.795772
UYU 40.002096
UZS 11989.276889
VES 606.63266
VND 26320
VUV 118.352303
WST 2.751796
XAF 572.793161
XAG 0.015293
XAU 0.000239
XCD 2.70255
XCG 1.802932
XDR 0.71169
XOF 571.999786
XPF 104.139924
YER 238.60233
ZAR 16.394101
ZMK 9001.201015
ZMW 17.731555
ZWL 321.999592
  • BCC

    -1.7350

    72.925

    -2.38%

  • CMSC

    -0.2100

    22.16

    -0.95%

  • JRI

    -0.0100

    12.66

    -0.08%

  • RIO

    -1.0800

    99

    -1.09%

  • CMSD

    -0.2200

    22.07

    -1%

  • RBGPF

    0.3600

    61.5

    +0.59%

  • RYCEF

    0.1900

    18.45

    +1.03%

  • GSK

    0.1350

    50.805

    +0.27%

  • BCE

    -0.5050

    22.775

    -2.22%

  • NGG

    1.4500

    80.89

    +1.79%

  • BP

    0.6200

    39.72

    +1.56%

  • VOD

    -0.1600

    14.14

    -1.13%

  • RELX

    -0.2950

    30.885

    -0.96%

  • AZN

    1.5250

    176.455

    +0.86%

  • BTI

    0.2100

    59.12

    +0.36%

Biden administration approves Alaska oil drilling project
Biden administration approves Alaska oil drilling project / Photo: © GETTY IMAGES/AFP

Biden administration approves Alaska oil drilling project

The Biden administration, brushing aside pressure from environmentalists, on Monday approved a controversial oil drilling project on Alaska's North Slope.

Text size:

The Interior Department gave the green light to US energy giant ConocoPhillips to drill for oil at three sites in the federally owned National Petroleum Reserve in Alaska's pristine western Arctic.

During the 2020 presidential race, Joe Biden had vowed not to approve any new leases for oil and gas projects on federal lands and his administration had been under intense pressure by environmental groups in recent days not to approve the so-called Willow Project.

Alaska lawmakers and other backers of the project had lobbied strongly for its approval, defending 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.

Environmental groups expressed disappointment at the Interior Department move.

"We are too late in the climate crisis to approve massive oil and gas projects that directly undermine the new clean economy that the Biden administration committed to advancing," said Earthjustice president Abigail Dillen.

"We know President Biden understands the existential threat of climate, but he is approving a project that derails his own climate goals."

Ben Jealous, executive director of the Sierra Club, said, "The harmful effects of President Biden's decision cannot be overstated.

"Willow will be one of the largest oil and gas operations on federal public lands in the country, and the carbon pollution it will spew into the air will have devastating effects for our communities, wildlife, and the climate," Jealous said.

"We will suffer the consequences of this for decades to come."

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.

- 'Carbon bomb' -

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 has described it as a "carbon bomb."

A petition on Change.org seeking to halt the project garnered more than three million signatures and a #StopWillow campaign on TikTok drew tens of millions of views.

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 earlier this month to urge him to approve the project.

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 to 2005, with the goal of achieving a net zero emissions economy by no later than 2050.

L.Holland--TFWP