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 Hong Kong 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 Hong Kong Herald.
More InformationFRANKFURT, Germany: The German Automobilwoche magazine has reported that as part of its efforts to switch to selling electric vehicles ...
BEIJING, China: Following the inability of China Huarong Asset Management Co Ltd to release financial reporting obligations in 2020, China ...
BERLIN, Germany: Germany will send a cabinet minister to visit Taiwan next week, at a time when Berlin is reviewing ...
TAIPEI, Taiwan: Reuters reported that after winning an order to manufacture wireless AirPods earphones for Apple for the first time, ...
WASHINGTON D.C.: The US government has charged exiled Chinese businessman Guo Wengui with being the mastermind behind a complex conspiracy ...
TAIPEI, Taiwan: The founder of chip manufacturer TSMC, Morris Chang, said that he supports the efforts of the US to ...
NEW YORK, New York - A hike in official U.S. interest rates of 0.25 percent, and a jump in inflation ...
SEATTLE, Washington: In a memo to staff sent this week, Amazon CEO Andy Jassy said the company plans to cut ...
DETROIT, Michigan: Due to leaking brake hoses and windshield wiper arms that can break off, Ford is recalling more than ...
NEW YORK, New York - Wall Street continued its advance on Tuesday as investors continued to weigh up the health ...
WASHINGTON D.C.: The US State Department has issued a travel warning regarding dangerous fake pills sold at pharmacies in Mexico, ...
FRANKFURT, Germany: The German Automobilwoche magazine has reported that as part of its efforts to switch to selling electric vehicles ...