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    Breaking: Iran launches missiles at US bases in the Middle East

    US military strikes Iran

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    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

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    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

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    United States scraps visa dropbox service for Nigerian applicants

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    Buhari says Nigeria security and economy improved during his tenure

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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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