The Biden administration formally approved Willow, an $8 billion oil drilling project located in Alaska, Monday morning over the objection of climate activists who lobbied heavily against it.
The massive project, operated by American energy firm ConocoPhillips, is projected to produce roughly 600 million barrels of oil over a 30-year lifespan, The New York Times reported. In a bid to placate environmentalists, the administration had considered limiting the project to just two drill sites, down from the five that ConocoPhillips initially proposed, but the company and Alaskan lawmakers warned that the project would need at least three to be economically viable, according to CNN.
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