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Biden OKs Alaska oil project, draws ire of environmentalists
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Biden OKs Alaska oil project, draws ire of environmentalists
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The Biden administration is approving a major oil-drilling project on Alaska’s petroleum-rich North Slope. The decision, announced Monday, is one of President Joe Biden’s most significant climate moves, and it brought quick condemnation from environmentalists who said it flies in the face of the Democratic president’s pledges. Climate activists say allowing oil company ConocoPhillips to move forward with the Willow drilling plan breaks Biden’s campaign promise to stop new oil drilling on public lands. ConocoPhillips says the project could produce up to 180,000 barrels of oil a day, a major advance for the nation.
CEO Predictions: Tighter Oil Market in 2023, Permian Plateau this Decade
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