AP: Biden will limit massive Alaska oil drilling project
WASHINGTON, March 13 – RIA Novosti. According to the news that the Associated Press based on a source from the US administration, US President Joe Biden plans to limit a large-scale oil drilling project in the state of Alaska.
US President Joe Biden will prevent or restrict 16 million acres (6.5 million hectares) of oil drilling in Alaska and the Arctic Ocean, an administration official said on Sunday.
US Federal Reserve to provide additional funds to US banks
It was noted that the announcement could be made on Sunday (Monday, Moscow time) at the earliest. According to the agency’s interlocutors, the White House will announce a two-phase plan.
As part of the first chapter, Biden will ban drilling 3 million acres (1.2 million hectares) of the Arctic Ocean, closing other federal waters to oil exploration.
As part of the second part, the administration will develop new operating rules for more than 13 million acres (5.3 million hectares) in a large area known as the National Petroleum Reserve – Alaska.
Earlier media reported that the US administration decided to approve the development of oil in northwest Alaska, rejecting the environmentalists’ claims. ConocoPhillips will be allowed to drill at the Willow field, which can produce 180,000 barrels per day.
Environmental activists, who argue that with the development of the field, 280 million tons of greenhouse gases will be released into the atmosphere and push the world towards a “climate disaster”, are against the project.
NBC: Finding Buyers for Failed SVB Bank Has Become US Priority
Source: Ria
I’m Harold O’Connor and I work as an author and editor for News Unrolled, a news website dedicated to delivering the latest world events. With my in-depth research skills, passion for news writing, and keen eye for detail, I strive to provide readers with accurate information on current affairs from around the globe.
