Willow project

Download .PDF HOUSTON – ConocoPhillips (NYSE: COP) welcomes the Department of the Interior's Record of Decision (ROD) on the Willow project, adopting the ...

Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. Located in the National Petroleum Reserve in Alaska (NPR-A), the Willow project is estimated to produce 180,000 barrels of oil per day at its peak, decreasing American dependence on foreign energy supplies. After nearly five years of rigorous regulatory and environmental review, the National Environmental Policy Act (NEPA) process is complete. Forward-looking statements relate to future events, plans and anticipated results of operations, business strategies, and other aspects of our operations or operating results. “We also thank our employees and the contractor community, who dedicated years to designing a project that will provide reliable energy while adhering to the highest environmental standards.” “This was the right decision for Alaska and our nation,” said Ryan Lance, ConocoPhillips chairman and chief executive officer.

It could produce vast amounts of carbon emissions, at a time when the Biden administration is publicly committed to reducing them. ConocoPhillips has projected ...

Eventually, however, the administration resumed lease sales amid a tangle of lawsuits and unfavorable court rulings, including the biggest offshore lease sale in history in the Gulf of Mexico in 2021. Environmentalist organizations have been broadly supportive of the administration’s energy policies since President Biden took office in 2021, particularly his decarbonization goals and promotion of renewable energy projects. The Willow Project will use leases that were largely secured before Biden took office. Over the weekend, as rumors swirled that approval was imminent, the Interior Department announced a number of new protections for the Arctic separate from the Willow approval. emissions by half compared to 2005 levels by the end of the decade. The reduction, the department said, “significantly scale[s] back the Willow Project within the constraints of valid existing rights under decades-old leases issued by prior Administrations.” Immediately upon taking office, Biden signed an executive order pausing all new oil and gas leasing on federal lands. Lisa Murkowski (R) and Dan Sullivan (R) and Rep. However, it represents one of the most significant approvals of such a project of his presidency, and signals a tack to the center despite the 2022 midterm elections, the most favorable for a president’s party in decades. ConocoPhillips has projected the project’s output at around 180,000 barrels per day, the most productive Alaskan oilfield in decades. history, a target of net-zero carbon emissions by 2050. Murkowski, who has been a broadly moderate GOP senator but sharply critical of the Biden administration’s environmental and energy policies, criticized the administration’s failure to make the approval official Friday but praised the formal announcement.

Environmental advocates opposed to the oil drilling project have called it a "carbon bomb," but proponents such as Alaska politicians and labor unions say ...

The company also said it would create 2,500 construction jobs and roughly 300 permanent jobs. This project will produce lasting economic and security benefits for our state and the nation." The company says the project has the potential to produce 180,000 barrels of oil per day. [applauded the Biden administration's approval](https://www.conocophillips.com/news-media/story/conocophillips-welcomes-record-of-decision-on-the-willow-project/). "What a huge and needed victory for all Alaska. [blocking or limiting drilling elsewhere](https://www.npr.org/2023/03/12/1163003146/alaska-drilling-protections-biden) in the state.

President Biden approves an $8bn oil drilling project, in a move likely to anger climate activists.

The Biden administration is obviously aware that, from a purely climate perspective, the project can't really be justified. While running as a candidate back in 2020, Joe Biden promised that there would be "no more drilling on federal lands, period". So, as a sop to opponents, they've tried to balance the approval with new bans on oil and gas leasing in the Arctic Ocean. Sonny Ahk, a young Iñuipat activist from Alaska who campaigned against Willow, said the development would "lock in Arctic oil and gas extraction for another 30 years and catalyse future oil expansion in the Arctic". 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. Located on Alaska's remote North Slope, it is the largest oil development in the region for decades and could produce up to 180,000 barrels of oil a day.

Although scaled back, the ConocoPhillips project known as Willow represents a major expansion of fossil fuel development in a sensitive part of Alaska.

While some in the administration wanted to block the development, ConocoPhillips’s control of federal leases on the NPR-A since 1999 gives it a strong position to challenge any federal decision that impedes its ability to develop, legal experts said. Few drilling projects rival Willow in size, according to the energy consulting firm Wood Mackenzie; ConocoPhillips estimates that Willow will operate for the next 30 years. “This was the right decision for Alaska and our nation,” Ryan Lance, chief executive of ConocoPhillips, said in a statement. She also noted that the state has faced an exodus of other major oil companies with the capital to do these types of projects and that, overall, production in Alaska has declined over the years. They had pushed the White House to block the project despite the cost, saying anything less would betray Biden’s promise to cut national emissions at least in half by 2030 compared with 2005 levels. In its decision Monday, the administration said it is shrinking Willow from the five pads that ConocoPhillips originally proposed to three. While originally set aside for oil production 100 years ago, only two sites produce oil there now — both run by ConocoPhillips — and the expanse provides Outside of ConocoPhillips, “who else has the resources to do this type of an investment? Environmentalists have made fighting it a top priority, and in recent weeks young activists have launched [a #StopWillow TikTok campaign](https://www.washingtonpost.com/climate-solutions/2023/03/07/stop-willow-tiktok-biden-alaska/?itid=lk_inline_manual_29) to apply further pressure. The day before, the White House rolled out several other efforts to give sweeping protections to another 16 million acres of land and water in Alaska. “This was an existing project and the U.S. Those numbers and the political pressure created by climate change — alongside broader industry trends — mean that few companies are likely to propose U.S.

Drilling for more oil in the Alaskan Arctic would be, in the President's own words, a “big disaster.”

“In giving the greenlight to drilling, President Biden is now risking the support of many young people who voted for him in large numbers in 2020,” the BBC noted. An immense new oil project—Willow is expected to include more than two hundred wells—is obviously at odds with the goal of cutting greenhouse-gas emissions. [Barack Obama](https://www.newyorker.com/tag/barack-obama)’s all-of-the-above energy strategy?) And it’s the reason that, even as the country takes steps to reduce emissions, it never seems to really get anywhere. The decision to approve the Willow project is—to use the President’s words—“a big disaster.” This is not just because of the impact that the project will have, though certainly that is bad enough. In the form in which it was approved on Monday, the Willow project will produce roughly five hundred and seventy-five million barrels of oil in the course of the next thirty years. In an opinion piece published on CNN’s Web site last week, all the members of Alaska’s congressional delegation—two Republican senators and a Democratic representative—expressed their support for the project. Of course, for those who oppose the project, the politics play differently. [Inflation Reduction Act](https://www.newyorker.com/news/our-columnists/the-democrats-finally-deliver), which contained both billions of dollars’ worth of tax credits to speed the transition away from fossil fuels and a stipulation that millions of acres of federal land be auctioned off for oil and gas drilling to provide more fossil fuels. On Monday, the Biden Administration granted ConocoPhillips approval for an immense new drilling project—the Willow oil project—in the National Petroleum Reserve in Alaska. Biden, in response, pledged, “No more drilling on federal lands, period, period, period.” It was, he added, “a disaster” to drill for oil in the Arctic—“a big disaster, in my view.” As the Times pointed out, the Willow project “would be one of the few oil projects that Mr. By the Administration’s own estimates, burning all that oil will result in the emission of about ten million tons of carbon dioxide per year, or some three hundred million tons over the life of the project.

The limits on oil and gas drilling in Alaska and the Arctic Ocean come as a huge project may be approved.

The reserve is a 23-million acre area on Alaska's North Slope that was set aside a century ago for future oil production. "There are not many opportunities to do much else that's why you will see local support [for the proposal]. Alaskan politicians, trade unions and some indigenous communities have also urged for it to be approved due to its potential economic benefits.

Environmental groups have already said they will sue to block the Arctic oil development, which would be Alaska's largest in decades.

Three years ago, the Bureau of Land Management approved Willow in a decision similar to the one announced Monday, but environmental groups sued and a U.S. “This is significant in the fact that not only will this mean jobs and revenue for Alaska, it will be a resource that is needed for the country and for our friends and allies. “This was the right decision for Alaska and our nation,” said Ryan Lance, ConocoPhillips chairman and chief executive officer in a prepared statement on Monday. “So we’ve just got to get through it, and hopefully sooner rather than later.” Please see our republishing guidelines for use of photos and graphics. That campaign hit a climax two weeks ago when the three members of Alaska’s congressional delegation had an Oval Office meeting with President Joe Biden. We will continue to fight this project with all means at our disposal.” Those go to the federal government, which splits them with North Slope communities. Donny Olson, D-Golovin, who represents the region. You might arrive with a dirty carburetor and half-blown spark plugs, he said, but you made it. Josiah Patkotak, I-Utqiagvik, said getting the final approval felt like arriving home after a long snowmachine trip. By comparison, the trans-Alaska Pipeline System carries about 480,000 barrels of oil per day.

The Biden administration has approved ConocoPhillips Willow project in the National Petroleum Reserve. Oil drilling proponents see it as a win for domestic ...

We’ll discuss the Willow decision on this Talk of Alaska. Post your comment during or after the live broadcast on social media (Comments may be read on air). The Biden administration has approved ConocoPhillips Willow project in the National Petroleum Reserve.

US government decision to greenlight ConocoPhillips Alaska's $8bn Willow oil project received praise and condemnation.

The Willow project “is about producing oil for decades when the US needs to be on a steep reduction path”, said Michael Lazarus, a senior scientist at the Stockholm Environment Institute. The withdrawal of the offshore area ensures important habitat for whales, seals, polar bears and other wildlife “will be protected in perpetuity from extractive development″, the White House said in a statement. These are the types of emissions that we cannot afford if we’re going to avoid the worst of climate change,” Grafe told Al Jazeera. Supporters have called the project balanced and say communities would benefit from taxes generated by Willow to invest in infrastructure and provide public services. Willow is currently the largest proposed oil project on US public land. ConocoPhillips Alaska proposed five drilling sites as part of the project.

The Biden administration is approving a scaled-back version of ConocoPhillips' $7 billion oil and gas drilling Willow project in Alaska, the U.S. Department ...

Senator Dan Sullivan of Alaska said the congressional delegation is expecting an imminent legal challenge and is preparing an amicus brief to defend the project. "The state of Alaska cannot carry the burden of solving our global warming issues alone." ConocoPhillips had sought to build up to five drill sites and project infrastructure including dozens of miles of roads and pipelines and seven bridges. Alaska's elected officials say the project will create hundreds of jobs and bring billions of dollars in revenue to state and federal coffers. "I feel the people of Alaska have been heard," U.S. [The decision](/world/us/biden-plans-limits-oil-drilling-alaska-arctic-circle-ap-2023-03-12/) follows an aggressive eleventh-hour campaign from opponents who had argued the development of the three drill sites in northwestern Alaska conflicts with President Joe Biden's highly publicized efforts to fight climate change and shift to cleaner sources of energy.

Zaidi shared the stage with Steven Chu — Professor of Physics and Molecular & Cellular Physiology, Nobel laureate and former U.S. Secretary of Energy — at the ...

Tying climate policies back to American communities has personal roots for Zaidi, who said his dedication to a career in policymaking was sparked when he moved from Pakistan to rural Pennsylvania with his family in the first grade. You see the world from a different perspective,” Chu said. “Yes, you work for peanuts, but you get to slosh around billions — if you slosh it around in the right way you can change the world.” Both Chu and Zaidi encouraged students to consider working in public service or on climate change. “That in many ways what we asked for from the United States Congress was, you know, plywood, nails and hammers — but it’s going to be on us to build the future that we want… Zaidi shared the stage with Steven Chu — Professor of Physics and Molecular & Cellular Physiology, Nobel laureate and former U.S.