Published by
Reuters
Reuters
By Clark Mindock and Timothy Gardner WASHINGTON (Reuters) – The oil industry on Monday cheered the U.S. government’s greenlighting of ConocoPhillips’ multibillion-dollar oil drilling project in Alaska’s Arctic, but court challenges could mire the plans in further delays. President Joe Biden’s administration approved a trimmed-down version of the $7 billion Willow project on federal lands in a pristine area on Alaska’s north coast. Biden has been trying to balance his goal of decarbonizing the U.S. economy by 2050 as Russia’s war in Ukraine raises worries about global energy security. ConocoPhi…