President Biden is planning to approve an $8 billion oil drilling project on federal land on Alaska’s North Slope next week, according to multiple reports.
His expected authorization of ConocoPhillips’ Willow Project, the largest proposed oil project in the country, would be a marked change from his previous insistence that the US transition away from fossil fuels.
Senior administration officials have signed off on three of the five drilling sites proposed by oil company ConocoPhillips as part of its Willow Project in the National Petroleum Reserve located in North Slope Borough, Alaska, Bloomberg reported Friday evening. ConocoPhillips previously stated that, for the project to remain economic viability, the federal government would need to approve at least three of the sites.
A day late and too dollars short.
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