Daily Management Review

Court bans ConocoPhillips from developing oil project in Alaska


A judge in the US state of Alaska has invalidated a major oilfield development permit for ConocoPhillips from the previous US President Donald Trump era, the Anchorage Daily News reported, citing a court document.

Late last year, the Trump administration approved a multi-billion dollar ConocoPhillips project called Willow to produce oil from the National Petroleum Reserve in Alaska. In May, the New York Times reported, US President Joe Biden's administration defended the oil project.

The media reported that several environmental organisations had sued in the autumn of 2020, arguing that the federal government had failed to take into account the environmental impact of drilling the wells and that burning the oil would affect global warming. A federal court in February halted the project in Alaska while the case was pending.

Now, the judge ruled, the Bureau of Land Management and the US Fish and Wildlife Service were wrong to approve the project, which could produce more than 160,000 barrels of oil in the US. The court also found merit in arguments by environmental groups, including that federal authorities had miscalculated the impact of the development on greenhouse gas emissions.

A ConocoPhillips spokesperson told the publication that the company is assessing the court ruling and is thinking about what to do next.

source: and.com