U.S. Expected to Approve Big Oil-Drilling Project in Alaska

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U.S. Expected to Approve Big Oil-Drilling Project in Alaska
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The Biden administration is preparing to approve the massive Willow oil-drilling project in the Alaskan Arctic over the objections of environmentalists and many Democrats.

The Biden administration is preparing to approve the massive Willow oil-drilling project in the Alaskan Arctic over the objections of environmentalists and many Democrats who wanted the project scuttled, according to people familiar with the matter.ConocoPhillips

to proceed with development of three drilling sites, down from the five originally sought by the company. The decision is likely to mollify the oil and gas industry, which contends that Willow answers Mr. Biden’s demands that operators pump more oil to put a lid on energy prices. Advocates for Willow say that the development meets Mr. Biden’s goals of shoring up U.S. energy security, creating union jobs and fostering racial justice, as many Alaskan natives support ConocoPhillips’ plans.

But the approval will anger environmentalists who for years have fought against a project they’ve described as a ticking carbon bomb. White House press secretary Karine Jean-Pierre said Friday no final decision has been made and the Interior Department did not immediately respond to a request for comment. A spokesperson for ConocoPhillips said no record of a decision about the Willow project has been shared with the company and declined to comment. The expected decision to approve the project was earlier reported by Bloomberg News.Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved.

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