Robert Besser
17 Mar 2023, 05:11 GMT+10
WASHINGTON D.C.: Despite a last-minute campaign from opponents, the US Department of Interior said that the Biden administration will approve a scaled-back version of a $7 billion oil and gas drilling project in Alaska known as "Willow" and proposed by ConocoPhillips.
The project will create hundreds of jobs and bring billions of dollars in revenue to the state and country, said elected officials from Alaska, which relies heavily on oil revenue, despite output declining heavily from its peak in the 1980s.
On a call with reporters, US Representative Mary Peltola, a Democrat from Alaska, said, "I feel the people of Alaska have been heard. The state of Alaska cannot carry the burden of solving our global warming issues alone."
The United Nations, which has urged countries to transition away from fossil fuels, criticized the decision.
UN spokesperson Stephane Dujarric told reporters, "These are not projects that move us in the right direction."
Environmental groups also criticized the Biden administration's decision, stressing it was trying to have it "both ways" regarding climate change.
Environmental groups have said they would challenge the project in court.
Having already endorsed the smaller version of the project, Houston-based ConocoPhillips lauded the US decision.
In a statement, ConocoPhillips Chief Executive Ryan Lance said, "This was the right decision for Alaska and our nation."
Meanwhile, US Senator Lisa Murkowski, an Alaska Republican, welcomed the "good news," stating "this will mean jobs and revenue for Alaska," by pumping upwards of 180,000 barrels of oil per day into the Trans Alaska Pipeline.
Get a daily dose of Salt Lake City Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Salt Lake City Sun.
More InformationNEW YORK CITY, New York: Deposits at small U.S. banks throughout the country dropped the most since 2007 after the ...
DETROIT, Michigan: In a briefing for investors and analysts this week, Ford Motor Co. reported that while its electric vehicle ...
BENTON, Arkansas: Reuters reported that due to a reduction or elimination in evening and weekend shifts, Walmart will lay off ...
MOSCOW, Russia: As western automakers have left Russia since the start of the Ukraine war, the Chinese have rushed in ...
LONDON, England: Reuters has reported that struggling Virgin Orbit, owned by billionaire Richard Branson, is nearing a $200-million investment deal ...
NEW YORK CITY, New York: To comply with the requirements of the "Made in America" laws, a $7.5 billion federal ...
© Provided by Xinhua BEIJING, March 27 (Xinhua) -- Chinese stocks closed mixed on Monday, with the benchmark Shanghai Composite ...
New York [US], March 27 (ANI): The UN Security Council on Monday will vote on a Russian-Chinese draft resolution on ...
Napyidaw [Myanmar], March 27 (ANI): In a grand display of forces, Myanmar's military Junta showcased a grand display of forces ...
© Provided by Xinhua BEIJING, March 27 (Xinhua) -- China's non-financial outbound direct investment (ODI) surged 35.7 percent year on ...
URUMQI, March 27 (Xinhua) -- A constant theme through Uygur Eskander Kadir's long life is the local system of ancient ...
In the midst of a three-day break between games that forward RJ Barrett described as "much needed," the New York ...