According to Bloomberg’s report, the White House has approved the project to develop the large Willow oil field in Alaska by ConocoPhillips.
“The Biden administration has decided to authorize the giant ConocoPhillips oil project in northwest Alaska… Authorization will be given by the Department of the Interior next week,” the statement said.
The Willow field, located on the northern coast of Alaska, has an estimated cost of development of approximately 8 billion dollars. It is recorded that the total oil reserve in this field is up to 600 million barrels, but environmentalists oppose production here.
The fact is that, according to environmental organizations, oil production at the Willow field can release 280 million tons of greenhouse gases into the atmosphere – this will bring the Earth closer to a “climate catastrophe”.
Former US Treasury He insisted The biggest traders will increase the Russian oil supply.