Heather Richards of E&E News reports on the Willow Project in Alaska.
- Under the Inflation Reduction Act, Congress directed the administration to conduct two oil and gas leases this year.
- The Willow Project is expected to last three decades and generate significant revenue and economic opportunity for Alaskans.
- While opponents of the project believe that we can power the world without fossil fuels, the fact remains that global demand is expected to grow by 50% through 2050 as developing countries move up the economic ladder.
- The U.S. energy sector should play a critical in meeting demand while reducing emissions, as American oil and gas have a greenhouse gas footprint that is 50% lower than fuel that is sourced overseas.
Read the full article here.