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Willow Project to deliver jobs, billions in government revenue
Alaska paid ‘steep price’ to get massive oil project approval from Biden: Gov. Mike Dunleavy
Alaska Gov. Mike Dunleavy says the state is investigating whether Biden has the authority to scale back the Willow oil project.
The Biden administration’s approval of the oil drilling operation known as the Willow Project over objections from environmental groups is expected to deliver substantial benefits to Alaska’s economy and billions in government revenue.
The Willow Project is located on Alaska’s North Slope in a small portion of what’s known as the National Petroleum Reserve-Alaska (NPR-A). It has a footprint of about 500 acres, while the NPR-A is a 23 million-acre area on the North Slope originally set aside 100 years ago by President Warren Harding as an emergency oil supply for the U.S. Navy before it was transferred to the Department of the Interior’s Bureau of Land Management and opened for potential oil and gas leasing in 1976.
ConocoPhillips, which will develop the Willow Project, said it estimates the project will provide between $8 billion and $17 billion in new tax revenue to the federal government, the state of Alaska and North Slope Borough communities.
The project has the potential to create over 2,500 construction jobs and approximately 300 long-term jobs.
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