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 Iran Herald 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 Iran Herald.
More InformationLONDON, 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 ...
LONDON, England: During a Bloomberg conference held in London this week, Luke Ellis, CEO of hedge fund Man Group, said ...
NEW YORK, New York - Wall Street jumped on Friday, although gains were modest after bank shares in Europe came ...
LOS ANGELES, California: Some 30,000 education workers in Los Angeles, backed by teachers, went on a three-day strike, canceling school ...
LONDON, England: Despite rising air fares, a potential global economic recession and risks of gridlock at some airports in Europe ...
JERUSALEM - Israel's defense minister became the first ally in Prime Minister Benjamin Netanyahu's coalition to break ranks Saturday as ...
Jerusalem - A drive by the hard-right coalition government of Prime Minister Benjamin Netanyahu to enact sweeping changes to Israel's ...
MUQDADIYAH, Iraq - Hussein Maytham and his family were driving past the palm tree grove near their home after shopping ...
Brussels is reportedly concerned about an uptick in dual-use items being shipped to Central AsiaThe EU may introduce trade restrictions ...
BEIRUT - Iran-backed fighters were on alert in eastern Syria on Saturday, a day after U.S. forces launched retaliatory airstrikes ...
Tamil Nadu (Chennai) [India], March 25 (ANI): The second G20 Framework Working Group (FWG) meeting under India's G20 Presidency concluded ...