fbpx
Qatar v. Ecuador to kick off FIFA World Cup 2022™ on 20 NovemberRead more Webb Fontaine Announces Launch of Niger National Single Window (NNSW) to Bolster TradeRead more Ethiopia: Loan from United Nations Fund Allows Food and Agriculture Organization (FAO) to Scale Up Fertilizers for Farmers in TigrayRead more How Choosing the Right Printer Helps Small Businesses and Content Creators to Save Time, Maximise Productivity and Achieve GrowthRead more Eritrea: World Breastfeeding WeekRead more Eritrean community festival in Scandinavian countriesRead more IOM: Uptick in Migrants Heading Home as World Rebounds from COVID-19Read more Network International & Infobip to offer WhatsApp for Business Banking Services to Financial Institution Clients across AfricaRead more Ambassador Jacobson Visits Gondar in the Amhara Region to Show Continued U.S. Support for the Humanitarian and Development Needs of EthiopiansRead more Voluntary Repatriation of Refugees from Angola to DR Congo ResumesRead more

US Interior Dept approves oil drilling in Arctic refuge

Print Friendly and PDF

Aug 18, 2020 - 02:25 AM

WASHINGTON — The US Department of the Interior approved oil and gas drilling on Monday in Alaska’s pristine Arctic National Wildlife Refuge (ANWR).

Interior Secretary David Bernhardt said in an interview with The Wall Street Journal that drilling leases could be auctioned off by the end of the year.

Environmental groups vowed to fight the move to allow drilling in the remote area of northeast Alaska which is home to polar bears, caribou and other animals.

“Our climate is in crisis, oil prices have cratered, and major banks are pulling out of Arctic financing right and left,” Adam Kolton, executive director of the Alaska Wilderness League, said in a statement.

“And yet the Trump administration continues its race to liquidate our nation’s last great wilderness, putting at risk the indigenous peoples and iconic wildlife that depend on it.”

The then Republican-held US House of Representatives and Senate approved oil leases in part of the vast federally-owned refuge three years ago.

“Congress gave us a very clear directive here, and we have to carry out that directive,” Bernhardt said. “I have a remarkable degree of confidence that this can be done in a way that is responsible, sustainable and environmentally benign.”

With oil prices at 15-year lows and potential deposits unknown, it is unclear how much bidding interest there will be among the major oil companies.

“We will continue to fight this at every turn, in the courts, in Congress and in the corporate boardrooms,” said Kolton of the Alaska Wilderness League.

“Any oil company that would seek to drill in the Arctic Refuge will face enormous reputational, legal and financial risks.”

  • bio
  • twitter
  • facebook
  • latest posts

LMBCBUSINESS.COM uses both Facebook and Disqus comment systems to make it easier for you to contribute. We encourage all readers to share their views on our articles and blog posts. All comments should be relevant to the topic. By posting, you agree to our Privacy Policy. We are committed to maintaining a lively but civil forum for discussion, so we ask you to avoid personal attacks, name-calling, foul language or other inappropriate behavior. Please keep your comments relevant and respectful. By leaving the ‘Post to Facebook’ box selected – when using Facebook comment system – your comment will be published to your Facebook profile in addition to the space below. If you encounter a comment that is abusive, click the “X” in the upper right corner of the Facebook comment box to report spam or abuse. You can also email us.