President Joe Biden's approval of the Willow Project is expected to net billions in tax revenue and create new jobs on Alaska's North Slope as ConocoPhillips moves forward.
MANCHIN ALIGNS WITH GOP ON BIDEN OIL DRILLING PROJECT, DEFENDS RECORD ON ENERGY PRODUCTION AS DEMS FRET
The company estimated the Willow Project will yield a peak of 180,000 barrels of oil per day or more than 65 million barrels per year, which will reduce U.S. reliance on foreign oil. It also noted that the Willow Project went through five years of regulatory review under the National Environmental Policy Act and is designed with mitigation measures intended to avoid interfering with the subsistence activities of Alaska Native communities.
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