News

Biden approves massive oil project in Alaska

Published

3 years ago

March 16, 2023

Veronica Dudo

After decades of roadblocks – the U.S. President gives the green light for the $7 billion project

In a shocking about-face, the Biden administration has approved a massive oil project in Alaska.

Land in the National Petroleum Reserve where the Willow oil Project is planned, holds up to 600 million barrels of oil.

The decades long oil drilling project besieged by setbacks, now has the green light for construction to begin.

The Interior Department made the announcement saying it approved the Willow Oil Project.

The agency says they approved a trimmed down version with only three drilling sites and less surface infrastructure than originally proposed to reduce the impact to local species and their habitats.

The $7 billion oil and gas drilling project is a major victory for the bipartisan congressional delegation from Alaska and a coalition of Alaskan native tribes who say the venture is much needed to bring new sources of revenue and jobs into the remote region.

Meanwhile, Progressive members of President Biden’s own party are calling it a disastrous decision.

Environmental advocates are expected to challenge the project in court.

Related Topics:biden Business Featured Politics trending United States

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Veronica Dudo

Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

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