According to various reports, the Biden administration is anticipated to move forward with a colossal oil drilling venture in northern Alaska in the near future. The project is projected to generate thousands of job opportunities and yield 600 million barrels of oil during its 30-year duration.
On Friday evening, Bloomberg reported that top officials in the administration have given their approval to three out of the five drilling locations proposed by ConocoPhillips for the Willow Project in the National Petroleum Reserve situated in North Slope Borough, Alaska.
ConocoPhillips had previously indicated that the project’s economic feasibility would hinge on the government’s endorsement of at least three of the proposed sites, Fox News reports.
Although the final decision on the Willow Project will be published by the Department of Interior (DOI), President Biden and senior officials in the White House have been actively involved in supervising the approval process.
Industry groups, Alaska lawmakers, and local communities have advocated for the project’s approval, citing its economic benefits. However, activists have opposed it, contending that it would have a detrimental impact on the environment.
Written by staff