On Wednesday, the administration of President Joe Biden recommended a reduced version of a significant oil drilling initiative in Alaska’s North Slope. This step towards potentially approving the $8 billion Willow plan, which has faced criticism from environmental groups for some time, was made after the Interior Department’s Bureau of Land Management presented an environmental analysis. The analysis suggests lowering the number of drilling sites from five to three, with the project being led by ConocoPhillips, the state’s largest crude oil producer. For related coverage, see nasdaq hits record 27,122 as tech stocks rally on . For related coverage, see … Continue reading Biden Administration Weighs Approval of $8 Billion Willow Oil Drilling Initiative In Alaska