Giant Alaskan oil project nears final approval

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Giant Alaskan oil project nears final approval
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The Biden administration is set for one of its most consequential climate decisions as a key environmental report due this week will trigger a final decision in a years-long showdown over drilling rights on Alaska’s North Slope.

Biden administration officials are preparing a key environmental assessment to say the Interior Department can grant partial approval to a major oil drilling project on Alaska’s North Slope, known as Willow, setting the stage for one of the administration’s most consequential climate decisions.

The Biden administration now has at least 30 days to mull a final decision on permitting the project, slated for the nation’s largest block of public land. The company initially planned for five pads at the Arctic site, but the assessment in July had suggested a smaller footprint was likely needed to limit the site’s contribution to greenhouse gas emissions, and its potential damage to nearby lakes and wildlife.

Company leaders have also threatened to abandon the project if Haaland’s choice is too restrictive. A green light for any less than three pads would prevent Willow from being profitable enough to justify the company’s investment, given the high costs of such a remote project, they have said.

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