The ConocoPhillips’ Willow venture would add 180,000 billion barrels per day of new supply.
| President Joe Biden authorised a giant ConocoPhillips oil project in northwest Alaska that environmentalists argue has no place in a warming world, even as he sought to bar future drilling across US Arctic waters and lands.
The authorisation represents one of the most significant climate decisions yet for Mr Biden, who campaigned on a pledge to block new drilling on public lands and presided over sweeping government investments in clean energy.Yet he has also implored oil companies to boost output to tame prices and address market disruptions spurred by Russia’s invasion of Ukraine.
ConocoPhillips and lawmakers from Alaska cast the approval as a victory for the state as well as the nation. Conservationists argued Willow is incompatible with the International Energy Agency’s warnings that the world must forsake developing new oil and gas fields to avert the most catastrophic consequences of global warming and reach net zero emissions by 2050. Some Alaska Natives who oppose Willow said new industrial operations there threaten caribou herds they depend on for subsistence.
Oil industry advocates argued the president’s Arctic conservation moves conflicted with his push for domestic energy security. The Biden administration is impeding “responsible development of federal lands and waters,” said Frank Macchiarola, senior vice president of policy for the American Petroleum Institute. Alaskan Senator Dan Sullivan called the restrictions “infuriating”.
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