Biden Admin. Approves Alaska Willow Oil Project

The Biden administration is approving a scaled-back version ConocoPhillips’ $7 billion oil and gas drilling project in Alaska, according to a U.S. Department of Interior document released on Monday.

The decision comes despite an aggressive eleventh hour campaign from opponents who say the development for the three drill sites in northwestern Alaska conflicts with efforts to fight climate change.

The fate of the project has been closely watched by Alaska officials, the oil and gas industry and green groups as President Joe Biden seeks to balance his goals of decarbonizing the U.S. economy with calls to increase domestic fuel supplies to keep prices low.

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