Biden permits oil drilling in Alaska

Alaska oil

This article was last updated on March 14, 2023

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Biden permits oil drilling in Alaska

US President Joe Biden has approved oil drilling in Alaska, allowing energy company Conoco Phillips to extract up to 180,000 barrels of oil per day from the untouched Willow Project in northern Alaska. This decision has drawn fierce criticism from environmental groups, who are threatening legal action. Biden’s approval goes against his pre-election promise to prohibit new oil and gas projects.

The Willow Project is valued at around 7 billion euros and is expected to generate billions in taxes for Alaska, which heavily relies on revenue from the oil industry. It will also create temporary and permanent job opportunities. Conoco Phillips is authorized to drill in three different locations and must construct roads, bridges, and pipelines for the project, which is the state’s largest new oil endeavor in years.

Although Biden’s decision seals off the Beaufort Sea and restricts fossil energy drilling in some onshore areas, climate groups remain concerned about potential environmental damage. They plan to initiate legal proceedings to halt the drilling.

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