In one of its most consequential climate decisions, the Biden administration is planning to greenlight an enormous $8 billion oil drilling project in the North Slope of Alaska, according to two people familiar with the decision. The approval, by the Interior Department, of the largest proposed oil project in the country would mark a turning point in the administration’s approach to fossil fuel development. While the decision is not yet final and still could be amended by Mr. Biden, it illustrates the tensions he faces as the urgency of climate change collides with the realities of the war in Ukraine and the instability it has created in global energy markets.
By Lisa Friedman. New York Times. March 10, 2023.