(Bloomberg) -- It’s been called a “carbon bomb” and a caribou killer. Now, climate activists have one final, brief window of opportunity to quash ConocoPhillips’s proposed $8 billion oil development in Alaska.Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000Plenty of Americans Are Drinking Bleach, Still for Sale on AmazonNational Archives Releases Records Tied to Trump Classified Documents8,000 Layof
A controversial Alaska oil project has edged a step closer to approval after the Biden administration indicated support for a slimmed down version of the drilling venture, sparking the ire of environmental groups. The Bureau of Land Management released a final environmental study for the $8bn Willow project on Wednesday that recommended cutting the scope to three drilling sites from the five initially proposed by its developer, the oil company ConocoPhillips. The storm surrounding Willow’s approval has underlined the dilemmas facing president Joe Biden, who has pursued an aggressive climate agenda while demanding oil companies increase production to ease fuel prices for consumers.
(Bloomberg) -- The Biden administration telegraphed it could support a scaled-back drilling plan at ConocoPhillips’s proposed Willow project in northwest Alaska, even as it cited “substantial concerns” with the oil development and warned of further restrictions to limit its impact on wildlife and the climate.Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000National Archives Releases Records Tied to T