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    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

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    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

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    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

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    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

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    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Amazon Leo seeks Kenya licence for first African satellite gateway

    Amazon Leo seeks Kenya licence for first African satellite gateway

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    Dangote Refinery Faces Competition as Ardova, Ibeto Cut Prices

    Honeywell Flour Reports 12% Profit Growth in FY 2026, Recommends ₦0.20 Kobo Dividend

    Honeywell Flour Reports 12% Profit Growth in FY 2026, Recommends ₦0.20 Kobo Dividend

    Tinubu to deploy 1,000 forest guards, special rescue team to Ogbomosho

    Tinubu to deploy 1,000 forest guards, special rescue team to Ogbomosho

    NNPC Accuses Dangote Refinery of Seeking Fuel Monopoly

    NNPC Accuses Dangote Refinery of Seeking Fuel Monopoly

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Commences Share Buyback Programme of Up to $110 Million

    Fubara, Cole Withdraws from APC Governorship Primaries

    Fubara, Cole Withdraws from APC Governorship Primaries

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    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Bill to prohibit foreign currency use in Nigeria scales first reading

    Nigeria’s Capital Importation Hits $10.37bn in Q1 2026

    Airtel Africa Releases Audited Financial Statements for Q1 2026

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    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

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    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

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    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

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    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

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    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Conoil Reports 75% Profit Decline, Cuts Dividend to 200 Kobo

    Conoil Reports 75% Profit Decline, Cuts Dividend to 200 Kobo

    Tony Elumelu to chair Seplat Energy as the company names Effiong Okon CEO

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    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

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    Amazon Leo seeks Kenya licence for first African satellite gateway

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    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

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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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