THE FUTURE OF THE WILLOW PROJECT: Interior’s record of decision yesterday cleared Willow, but it does not yet grant ConocoPhillips every license it will need to drill and transport to market its first barrel of oil, nor every subsequent barrel throughout the project’s life.
Extensions, which last for two years, are “discretionary authorizations and should only be approved when the permit extension serves the public interest,” BLM’s instructions said. “BLM oil and gas drilling permit authorizations failed to take a hard look at cumulative greenhouse gas emissions or the severity of resulting climate impacts, and failed to employ available tools for assessing the impact of the climate pollution caused by the production and combustion of the federal mineral resources authorized by the challenged APDs,” plaintiffs said in an amended complaint filed in September.
The bureau’s Gulf of Mexico oil and gas lease sale scheduled for March 29 also provides for the max royalty rate of 18.75%. “We will consider every appropriate tool in our continuing fight to stop the Willow climate bomb,” Christy Goldfuss, the chief policy impact officer at the Natural Resources Defense Council, said in a statement.
Where new capacity is planned outside of China, a handful of other nations, including India, Turkey, and Indonesia, account for much of it. The Biden administration needs buy-in from China, India, and others if U.S. progress on cutting emissions isn’t to be dampened or completely overcome by rising emissions elsewhere.
Venture Global, which expects to begin producing LNG at its Calcasieu Pass terminal by the third quarter, is one among a handful of companies out to meet growing demand for U.S. LNG., something the Biden administration seeks to enable. If fully implemented, EPA officials estimate the rule will prevent thousands of deaths and reduce tens of thousands of serious illnesses linked to PFAS contamination.
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