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    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Nnamdi Kanu prison transfer request stalls as court insists on hearing from FG, NCoS

    FPEDL Schedules Brief Power Outage in Anambra for Transformer Upgrade on December 7

    FPEDL Schedules Brief Power Outage in Anambra for Transformer Upgrade on December 7

    Nnamdi Kanu moved from DSS custody to Sokoto prison – Aloy Ejimakor

    Federal High Court fixes December 8 to hear Nnamdi Kanu’s transfer request from Sokoto prison

    Senate Confirms Retired Chief of Defence Staff as Defence Minister

    Senate Confirms Retired Chief of Defence Staff as Defence Minister

    Abubakar Badaru resigns as minister of defence

    Abubakar Badaru resigns as minister of defence

    Cadbury Nigeria Plc Announces Retirement of Managing Director and Appointment of Interim MD

    Cadbury Nigeria Plc Announces Retirement of Managing Director and Appointment of Interim MD

    Policeman kill driver over N100 bribe in Anambra

    President Tinubu Pulls Police from VIPs, Approves 30,000 New Officers

    FG Closes 41 Unity Schools Amid Bandit Attacks

    FG Closes 41 Unity Schools Amid Bandit Attacks

    Nnamdi Kanu moved from DSS custody to Sokoto prison – Aloy Ejimakor

    Nnamdi Kanu moved from DSS custody to Sokoto prison – Aloy Ejimakor

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    Dangote refinery set to import Crude oil from Brazil

    Dangote Refinery Cuts Petrol Price to ₦699 per Litre

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    CBN Rolls Out New Cash Rules, Sets Fresh Withdrawal Limits for 2026

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    President Buhari hikes Petrol Price to N212 per litre through the PPPRA

    Federal Government suspends 15% import tax on imported petrol

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    Nigeria Imposes 10% Tax on Short-Term Investment Interest

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    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

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    Nigerians to enjoy benefits of new tax laws from January 2026 – Oyedele

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    Lasaco Assurance Plc announces delay in share reconstruction

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    Dangote refinery set to import Crude oil from Brazil

    Dangote Refinery Cuts Petrol Price to ₦699 per Litre

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    First HoldCo Completes 100% Sale of FBNQuest Merchant Bank to EverQuest

    Eterna Plc proposes Rights Issue at ₦22. 00 per share

    Eterna Plc proposes Rights Issue at ₦22. 00 per share

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    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

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President Biden approves major Oil and Gas drilling project in Alaska

Monday, 13 March 2023, 7:25 pm
in Business, Industry
0
President Biden approves major Oil and Gas drilling project in Alaska
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The President of the United States of America, Joe Biden has approved a major oil and gas drilling project in Alaska, despite strong opposition from environmental activists.

Also read; Election Documents will be made available – INEC assures Labour Party

The Willow project which is estimated to generate up to 278 million metric tonnes of CO2e over its 30-year lifetime and 180,000 barrels of oil a day, faced a torrent of online activism in recent weeks, particularly among youth activists on TikTok.

According to the company behind the $8bn proposal, ConocoPhilips, the project is expected to create local investment and thousands of jobs.

Those opposing the project argued that it should be halted over its climate and wildlife impacts.

The project is located on Alaska’s remote North Slope, and is the largest oil development in the region for decades.

The US Bureau of Land Management estimates that the 278 million metric tonnes of CO2e the project will generate over its 30-year lifetime will be equivalent to adding two million cars to US roads every year.

CO2e is a unit used to express the climate impact of all greenhouse gases together, as if they were all emitted as carbon dioxide.

BBC reported that more than one million letters of protest were written to the White House, and a Change.org petition calling for Willow to be halted drew more than three million signatures.

Environmentalists had argued Willow is inconsistent with President Biden’s pledges to lead on climate action.

Monday’s approval comes one day after the Biden administration imposed limits on oil and gas drilling in 16 million acres of Alaska and the Arctic Ocean, a compromise of sorts with anti-Willow activists.

While running as a candidate back in 2020, Joe Biden promised that there would be “no more drilling on federal lands, period”.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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