Dubai Telegraph - To drill or not to drill: Biden to make decision on Alaska oil project

EUR -
AED 4.236516
AFN 72.660513
ALL 96.076566
AMD 435.018833
ANG 2.064579
AOA 1057.614991
ARS 1608.357353
AUD 1.634275
AWG 2.0789
AZN 1.960958
BAM 1.965724
BBD 2.323923
BDT 141.578444
BGN 1.971419
BHD 0.435654
BIF 3425.427746
BMD 1.153343
BND 1.480344
BOB 7.973635
BRL 6.046286
BSD 1.153845
BTN 107.498905
BWP 15.745241
BYN 3.567914
BYR 22605.516438
BZD 2.320626
CAD 1.582305
CDF 2618.087925
CHF 0.912098
CLF 0.026705
CLP 1054.443846
CNY 7.926982
CNH 7.953001
COP 4272.661742
CRC 539.855899
CUC 1.153343
CUP 30.563581
CVE 111.932173
CZK 24.471391
DJF 205.468201
DKK 7.470858
DOP 67.98988
DZD 152.246963
EGP 60.250043
ERN 17.30014
ETB 181.07503
FJD 2.572242
FKP 0.865783
GBP 0.861697
GEL 3.13133
GGP 0.865783
GHS 12.577179
GIP 0.865783
GMD 85.347878
GNF 10126.348898
GTQ 8.826446
GYD 241.401278
HKD 9.033972
HNL 30.644463
HRK 7.545511
HTG 151.350658
HUF 391.100229
IDR 19545.69832
ILS 3.600041
IMP 0.865783
INR 107.460742
IQD 1510.878905
IRR 1516645.617921
ISK 143.78754
JEP 0.865783
JMD 181.269643
JOD 0.817726
JPY 182.486467
KES 149.415527
KGS 100.857395
KHR 4624.904034
KMF 493.630678
KPW 1037.994543
KRW 1723.751138
KWD 0.353557
KYD 0.961601
KZT 554.897876
LAK 24739.200343
LBP 103281.837076
LKR 359.666052
LRD 211.465763
LSL 19.399179
LTL 3.405521
LVL 0.697646
LYD 7.358471
MAD 10.811145
MDL 20.221051
MGA 4809.439469
MKD 61.751423
MMK 2421.719114
MNT 4135.704941
MOP 9.309885
MRU 46.271835
MUR 53.6416
MVR 17.831118
MWK 2002.202766
MXN 20.548703
MYR 4.543598
MZN 73.698163
NAD 19.399519
NGN 1564.51317
NIO 42.351136
NOK 10.965238
NPR 171.992801
NZD 1.972192
OMR 0.443447
PAB 1.153885
PEN 3.953085
PGK 4.962545
PHP 69.163653
PKR 322.090373
PLN 4.270978
PYG 7497.624391
QAR 4.202794
RON 5.103658
RSD 117.405646
RUB 99.211165
RWF 1682.726963
SAR 4.330321
SBD 9.278918
SCR 16.396484
SDG 693.159201
SEK 10.762706
SGD 1.476025
SHP 0.865306
SLE 28.429804
SLL 24185.031717
SOS 659.140589
SRD 43.106152
STD 23871.864791
STN 24.796868
SVC 10.096278
SYP 127.477541
SZL 19.399309
THB 37.77255
TJS 11.048348
TMT 4.036699
TND 3.364881
TOP 2.776972
TRY 51.114069
TTD 7.820857
TWD 36.70632
TZS 2995.810114
UAH 50.740886
UGX 4361.206714
USD 1.153343
UYU 46.737373
UZS 14041.947004
VES 520.091621
VND 30321.378937
VUV 137.718825
WST 3.151186
XAF 659.31989
XAG 0.016348
XAU 0.00025
XCD 3.116966
XCG 2.079516
XDR 0.819979
XOF 653.366781
XPF 119.331742
YER 275.15868
ZAR 19.430709
ZMK 10381.470639
ZMW 22.587207
ZWL 371.375871
  • RBGPF

    0.1000

    82.5

    +0.12%

  • RYCEF

    -0.5900

    16.01

    -3.69%

  • CMSC

    -0.0400

    22.79

    -0.18%

  • RELX

    -0.1600

    33.7

    -0.47%

  • GSK

    0.1000

    52.16

    +0.19%

  • NGG

    -2.3000

    85.1

    -2.7%

  • RIO

    -2.9400

    84.78

    -3.47%

  • BCE

    -0.0400

    25.71

    -0.16%

  • BTI

    0.0550

    58.145

    +0.09%

  • VOD

    -0.0600

    14.31

    -0.42%

  • AZN

    -0.6100

    187.81

    -0.32%

  • CMSD

    0.0810

    22.971

    +0.35%

  • JRI

    -0.0730

    12.25

    -0.6%

  • BP

    1.9100

    46.52

    +4.11%

  • BCC

    -2.2250

    69.615

    -3.2%

To drill or not to drill: Biden to make decision on Alaska oil project
To drill or not to drill: Biden to make decision on Alaska oil project / Photo: Mandel NGAN - AFP

To drill or not to drill: Biden to make decision on Alaska oil project

US President Joe Biden is poised to decide whether to pull the plug on a massive oil drilling project on Alaska's North Slope or allow it to go ahead.

Text size:

With the decision imminent, environmentalists have ramped up pressure on the White House, urging Biden to live up to the climate change pledges he made during his campaign.

During the 2020 presidential race, the Democratic candidate vowed not to approve any new leases for oil and gas projects on federal lands.

But Biden has found himself stuck in the middle of a years-long battle over the so-called Willow Project, a plan by US energy giant ConocoPhillips to drill for oil in the federally-owned National Petroleum Reserve in Alaska's pristine western Arctic.

The Trump administration approved the Willow Project at the tail end of the former president's term but it was blocked by a judge for further review.

The Bureau of Land Management (BLM), in an environmental impact analysis in February, approved three drilling sites while striking down one and deferring consideration of another.

ConocoPhillips welcomed the BLM's assessment, saying it can "provide a viable path forward for development of our leasehold."

The Interior Department, which oversees the BLM, said, however, it has "substantial concerns" about the project "including direct and indirect greenhouse gas emissions and impacts to wildlife and Alaska Native subsistence."

Biden has described global warming as an existential threat and promoted the development of renewable energy sources.

Temperatures in Alaska have been rising faster than in other regions of the planet and environmental groups have warned that the oil extraction project would make things worse.

The Willow Project will add more than 250 million metric tons of carbon emissions to the atmosphere over the next 30 years, the Sierra Club said, equivalent to the annual emissions of 66 coal plants.

Greenpeace described it as a "carbon bomb."

A petition on Change.org seeking to halt the project has garnered more than three million signatures and a #StopWillow campaign on TikTok has drawn 150 million views.

- 180,000 barrels of oil per day -

Backers of the Willow Project defend it as a source of several thousand jobs and a contributor to US energy independence with production of 180,000 barrels of oil per day at its peak or some 576 million barrels over 30 years.

Alaska's two Republican senators and the state's sole member of the House, Mary Peltola, a native Alaskan and a Democrat, met with Biden last week to urge him to approve the project.

"We hope the President will listen to the voices of indigenous Alaskans who live on the North Slope, the voices of labor leaders and union workers who are ready to help build Alaska's economy (and) listen to the voices of national security officials underscoring the importance of Willow for American energy security," they said.

Peltola, in an opinion piece published in The Hill, said Alaskans "aren't blind to the impacts of climate change" but the Willow Project can serve as a bridge as the country transitions away from fossil fuels and towards renewable energy sources.

"At the same time, we can reduce America's dependence on foreign sources of oil -- which makes us all safer in a world that has grown more unpredictable after Russia invaded Ukraine," Peltola said.

Biden has pledged to cut greenhouse gas emissions in half by 2030 compared with 2005 with the goal of achieving a net zero emissions economy by no later than 2050.

V.Munir--DT