The 'carbon bomb' project is opposed by environmentalists, but other factors also influenced the president.
The approval of the Willow project comes after the US government imposed limits on oil and gas drilling in parts of Alaska and the Arctic OceanUS President Joe Biden has approved a major oil and gas drilling project in Alaska, intended to create local investment and thousands of jobs.
That statement helped him garner support from green Democrats and climate campaigners, unsure about Biden's record on this issue. The International Energy Agency has baldly stated that if the world wants to keep the rise in global temperatures under 1.5C, no new oil or gas drilling can go ahead.Most environmentalists aren't buying this trade-off.Mr Biden came to COP27 in Egypt and spoke of the big picture of climate change, threatening the "very life of the planet" - but he's also attuned to US bread-and-butter issues, especially the price of gas.
Approving a reduced version of the original Willow plan will be sold as underlining the President's ability to forge compromises across political divides.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Willow project: Biden curbs drilling ahead of decision on Alaska oil projectThe limits on oil and gas drilling in Alaska and the Arctic Ocean come as a huge project may be approved.
Read more »
Biden To Approve Controversial Willow Oil Project in AlaskaThe decision would be one of the President's most consequential climate choices
Read more »
Biden Greenlights Controversial Alaska Oil Project | OilPrice.comThe Biden Administration approved the controversial Alaska oil project known as Willow on Monday after rumors surfaced last week that the Administration was set to approve it.
Read more »
Joe Biden to approve scaled-back version of $7bn oil and gas drilling project in AlaskaThe decision is likely to be met with litigation from environmental groups who have criticised the Biden administration for trying to have it 'both ways' on climate change.
Read more »
White House approves Alaska oil project in face of climate criticism\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »
White House approves Alaska oil project in face of climate criticism\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »