A massive new oilfield could be greenlit by the Biden administration as early as this week.
in lease sales in Alaska, giving the Willow Project a new importance.
“If you look at a forecast without Willow, Alaska’s oil production is slated to continue to decline,” Brett Watson, an economist at the University of Alaska, Anchorage, . “With Willow, Alaska’s oil production could be higher than it is today. Our fate is really tied to this one industry, and the up and down cycles of that industry create wild swings in our state’s economy.
“The environmental racism and injustice of oil development on the North Slope must stop,” the letter reads. “Oil development paid for our utilities, our schools, and so many other advancements we have benefitted from. But providing these services is the responsibility of our governments, not private corporations. And we have a right to these services whether we agree to hosting an industrial wasteland in our backyard or not.”Yes, but there are a lot of caveats to that commitment.
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