The Japan Times - Biden administration approves controversial Alaska oil drilling project

EUR -
AED 4.256956
AFN 73.025715
ALL 95.949476
AMD 436.297619
ANG 2.074964
AOA 1062.93451
ARS 1612.94327
AUD 1.652435
AWG 2.089356
AZN 1.967595
BAM 1.955789
BBD 2.330587
BDT 141.989225
BGN 1.981335
BHD 0.437098
BIF 3425.18131
BMD 1.159144
BND 1.479892
BOB 7.995956
BRL 6.158991
BSD 1.157194
BTN 108.18041
BWP 15.778914
BYN 3.510781
BYR 22719.216032
BZD 2.327287
CAD 1.590438
CDF 2637.051746
CHF 0.913915
CLF 0.027244
CLP 1075.743011
CNY 7.982325
CNH 8.005156
COP 4253.376791
CRC 540.497051
CUC 1.159144
CUP 30.717307
CVE 110.264398
CZK 24.533102
DJF 206.058876
DKK 7.485174
DOP 68.689625
DZD 153.294405
EGP 59.995673
ERN 17.387155
ETB 182.369105
FJD 2.566866
FKP 0.868886
GBP 0.868988
GEL 3.147122
GGP 0.868886
GHS 12.613931
GIP 0.868886
GMD 85.195634
GNF 10142.944655
GTQ 8.863952
GYD 242.098679
HKD 9.082181
HNL 30.628833
HRK 7.547526
HTG 151.809172
HUF 393.825438
IDR 19654.671984
ILS 3.603923
IMP 0.868886
INR 108.971735
IQD 1515.891728
IRR 1524998.397107
ISK 144.047075
JEP 0.868886
JMD 181.799008
JOD 0.821884
JPY 184.582318
KES 149.909182
KGS 101.364683
KHR 4623.974769
KMF 494.9542
KPW 1043.263627
KRW 1744.871088
KWD 0.355359
KYD 0.964295
KZT 556.326964
LAK 24848.864411
LBP 103633.234522
LKR 360.97803
LRD 211.758845
LSL 19.520593
LTL 3.42265
LVL 0.701154
LYD 7.40796
MAD 10.813041
MDL 20.15189
MGA 4824.973672
MKD 61.639664
MMK 2432.829233
MNT 4136.032637
MOP 9.340449
MRU 46.320747
MUR 53.912042
MVR 17.920267
MWK 2006.589051
MXN 20.785187
MYR 4.565818
MZN 74.068653
NAD 19.520593
NGN 1572.088888
NIO 42.579768
NOK 11.082828
NPR 173.089056
NZD 1.98507
OMR 0.445687
PAB 1.157194
PEN 4.000678
PGK 4.994973
PHP 69.722594
PKR 323.078037
PLN 4.286287
PYG 7557.95876
QAR 4.231477
RON 5.101971
RSD 117.449359
RUB 96.003076
RWF 1683.690813
SAR 4.352186
SBD 9.333031
SCR 15.877613
SDG 696.645486
SEK 10.817726
SGD 1.4866
SHP 0.869658
SLE 28.485998
SLL 24306.675843
SOS 661.296392
SRD 43.453394
STD 23991.933773
STN 24.499866
SVC 10.124945
SYP 128.330276
SZL 19.526893
THB 38.14515
TJS 11.114439
TMT 4.068594
TND 3.417581
TOP 2.790939
TRY 51.295008
TTD 7.850957
TWD 37.135139
TZS 3008.583584
UAH 50.692923
UGX 4373.976133
USD 1.159144
UYU 46.629746
UZS 14107.92302
VES 527.051768
VND 30499.388379
VUV 137.76417
WST 3.161925
XAF 655.953421
XAG 0.017051
XAU 0.000258
XCD 3.132643
XCG 2.085489
XDR 0.815796
XOF 655.953421
XPF 119.331742
YER 276.574852
ZAR 19.764849
ZMK 10433.68695
ZMW 22.593877
ZWL 373.24379
  • RBGPF

    -13.5000

    69

    -19.57%

  • NGG

    -3.5400

    81.99

    -4.32%

  • BCE

    0.0600

    25.79

    +0.23%

  • VOD

    -0.0900

    14.33

    -0.63%

  • GSK

    -0.5300

    51.84

    -1.02%

  • RYCEF

    -1.2600

    15.34

    -8.21%

  • RIO

    -2.5000

    83.15

    -3.01%

  • AZN

    -5.3300

    183.6

    -2.9%

  • BTI

    -1.3500

    57.37

    -2.35%

  • CMSC

    -0.2000

    22.65

    -0.88%

  • RELX

    -0.4600

    33.36

    -1.38%

  • BCC

    -1.5600

    68.3

    -2.28%

  • CMSD

    -0.2420

    22.658

    -1.07%

  • JRI

    -0.3900

    11.77

    -3.31%

  • BP

    -1.0800

    44.78

    -2.41%

Biden administration approves controversial Alaska oil drilling project
Biden administration approves controversial Alaska oil drilling project / Photo: Anna Moneymaker - GETTY IMAGES/AFP

Biden administration approves controversial Alaska oil drilling project

The Biden administration, brushing aside climate concerns from environmental groups, approved a controversial oil drilling project on Monday 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 oil and gas leases on public lands and he had been under intense pressure by environmentalists not to approve the so-called Willow Project.

Alaska lawmakers and other backers of the drilling plan had lobbied strongly for approval of ConocoPhillips's $8 billion project, 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.

ConocoPhillips chief executive Ryan Lance welcomed the Interior Department's move as the "right decision for Alaska and our nation," but it was met with immediate criticism from environmental groups.

"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 Biden administration's approval of the Willow Project came a day after it restricted offshore oil and gas drilling in the Arctic Ocean and barred development in 13 million acres (5.26 million hectares) of Alaska's National Petroleum Reserve.

The move, seen as a trade-off for approval of the Willow Project, will protect an area that is a major habitat for wildlife, including grizzly and polar bears, caribou and hundreds of thousands of migratory birds, the Interior Department said.

- 'Carbon bomb' -

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, in an environmental impact analysis in February, approved three drilling sites, while striking down one and deferring consideration of another.

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 239 million metric tons of carbon emissions to the atmosphere over the next 30 years, according to Interior Department calculations, equivalent to the annual emissions of 64 coal-fired power plants.

Greenpeace has described it as a "carbon bomb."

A petition on Change.org seeking to halt the project garnered more than 3.2 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 and they welcomed the green light on Monday.

"The Willow Project is critically important for Alaska's economy, good-paying jobs for our families, and the future prosperity of our state," Senator Dan Sullivan said. "This decision is also crucial for our national security and environment."

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.

Y.Hara--JT