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Biden breaks climate pledge with $12b Alaska oil project

Washington | President Joe Biden authorised a giant ConocoPhillips oil project in north-west Alaska that environmentalists argue has no place in a warming world, even as he sought to bar future drilling across US Arctic waters and lands.

The approach represents Mr Biden’s bid for a middle ground, as he seeks to accelerate the transition away from fossil fuels while bound by the legal decisions of past administrations. ConocoPhillips has held some leases underpinning its roughly 600-million-barrel Willow oil development since 1999, and the project was already approved once under former president Donald Trump.

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    Original URL: https://www.afr.com/policy/energy-and-climate/biden-breaks-climate-pledge-with-10b-alaska-oil-project-20230314-p5crth