Biden Approves Scaled-Down Alaska Willow Oil Project

WASHINGTON, DC - DECEMBER 08: U.S. President Joe Biden (R) speaks on the release of Olympian and WNBA player Brittney Griner from Russian custody, with Vice President Kamala Harris in the Roosevelt Room at the White House on December 08, 2022 in Washington, DC. Griner was released as part of a prisoner swap that involved Russian arms dealer Viktor Bout. (Photo by Chip Somodevilla/Getty Images)
  • The Biden administration has green-lit a scaled-back version of the $8 billion Willow oil field development project, angering climate activists while delighting lawmakers from Alaska who have been battling to secure the project.
  • On Monday, the Department of the Interior (DOI) announced that it had approved three of the originally proposed five drilling pads by ConocoPhillips for the Willow project set within the 23 million acres of the National Petroleum Reserve-Alaska (NPR-A).
  • The company acquired the leases in the late 1990s. ConocoPhillips will also relinquish rights to around 68,000 acres of its existing leases in the NPR-A.